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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 (1923)	8/7/1998 2:19:00 PM
From: SE	Respond to of 44573

One thing I noticed is that if the TICK moves in a 1200 point range within a hour to hour and a half (+1000 to -200, or +500 to -700 ... the numbers don't matter just the TICK movement) then the SPOO will drop 10 points from the next high of the day. I expect to see a 10 point drop this afternoon from the new high after 1:30 est. I think that may be the 1095 level and if so I expect us to hit 1085 yet this afternoon. This is something I noticed in passing while looking at other stuff. Don't know if it will work today or not and have not back-tested it to any degree, but it seems to work somewhat. Let's watch it. -Scott