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

To: SE who wrote (1790)	7/30/1998 10:53:00 AM
From: coug	Read Replies (2) \| Respond to of 44573

SE, Todays opening reminds me of June 29, Gap up in all indicators and after mid day sell-off. thats the way I'm going to play it if indicators point that way after few hours .. good luck.. coug

To: SE who wrote (1790)	7/30/1998 11:01:00 AM
From: Patrick Slevin	Respond to of 44573

They can all be hard at times. Here we be in the midst of the gap area from Tuesday......if there is a place to short it's here I suppose, but the Large Money is gunning this thing for a reason and I don't think a little gap will stop 'em from running the shorts. Best guess is it's a "steered" rally....suck more money in, more long side, build confidence in the "man-on-the-street" and what-not...then take it back down next week. Of course, McMillan and Cook may have it pegged when they call for a major upswing but, whatever works. If I can make money in either direction I'm a happy guy. (The self-fulfilling pattern did not flesh out BTW. What I meant was that it looked like a H/S top pattern and if it played out it would be one. If not, it would be something else...no matter. It will be obvious with hindsight. That's why I have a problem with T/A on a chart. I'd rather look for revealing patterns.)