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

To: Tom Trader who wrote (2035)	8/18/1998 2:33:00 PM
From: Patrick Slevin	Respond to of 44573

I think if it does not get moving north quickly the last hour is a slide. I would like to see a reversal of the intraday declining tops.....whoopsie, nope. Yep... There it goes.... (Talk about yer stream of consciousness stuff) Anyway, I think we need to clear 1101 for the last hour to be a healthy up-move.

To: Tom Trader who wrote (2035)	8/18/1998 2:34:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

It is, and I was thinking that 1102 might be it as that was the 200 period ma on the one minute chart. Anyway I would think 1096 to 1094 based on this observation.... Now here is the kicker.....was 1102 the newly established high of the afternoon, or will we go higher? If we go higher, I still think we will have a pull-back of 6 to 8 points...from where-ever that point is yet today. Further I have modified the observation....the original observation is 1200 points on the TICK (we only had 1000) and 10 points down on the SPOO....so I guessed 6 to 8 due to a lower TICK movement. Don't trade on this as it has no backtesting.....it was simply an observation of mine as I went over some charts a while back. The hard part is "guessing" where the newly established high of the day is. Easy to observe on a chart....not easy to figure in real time action. I would almost think that the pull-back I am looking for won't occur until a little bit after the bond close.......