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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 (2055)8/19/1998 9:47:00 AM
From: Patrick Slevin  Respond to of 44573
 
I don't know if it will get down that low, 1104.

It may be setting up for a second breakaway gap in a row, which would be extremely bullish. A lot of people won't miss that and drive the sucker hard if it does not close it.

Looks potentially hard to day-trade and position trading may be the order of the day. That is to say, just buy it and forget it.

I'm going to wait until 10, perhaps 11 ET and then re-evaluate.

I still awake at 5:30, but it's nice to know I don't have to.



To: Tom Trader who wrote (2055)8/19/1998 9:53:00 AM
From: Patrick Slevin  Read Replies (2) | Respond to of 44573
 
Decided to chance that they won't close the gap but some confusion destroyed my entry.

I was trying to get in in the mid 08 area but a problem at the desk resulted in a higher fill at 09.40----seems they fouled up my overnight reports....

Anyway, my presumption is that they won't fill the gap and that's the way I am playing it.


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