Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Clay M who wrote (1690)	7/26/1998 9:09:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

I don't know why he calls it a balloon. Perhaps he likens it to a balloon filling with air as we approach that time frame. I think perhaps it's just a pattern people notice in the futures, a self-fulfilling prophecy. So many people notice the tendency of the spoo to gently rise into 2 o'clock ET that it can often be played as a bullish phenomena. Curiously, I just rapidly scanned 3 weeks of daily 5 minute charts and noticed a rally going into 2 just twice. Most were either flat at 2 and made a big move just before or just after or had already made the move by 1:30. But that's basically what he warns of. The potential for the market to get bullish going into 2 as well as into the bond close.