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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 (2295)	8/24/1998 10:01:00 AM
From: SE	Respond to of 44573

WOW. That is remarkable. Let us know when the system speaks again. I suspect that the SPOO will run to 1100 to 1102 and that that is a level lots of people are watching. I think that maybe it will go a bit above that 1103 or so to run the buy stops and then it is coming down. I suspect a good short will be had in the 1102 area....probably good to 1095 or so. My methodology has no signal yet....need to give it some more time, maybe an hour, unless the SPOO drops a few points from here soon. -Scott

To: Tom Trader who wrote (2295)	8/24/1998 10:16:00 AM
From: Patrick Slevin	Respond to of 44573

I sort of don't like the short side (near-term) for a day trade. If I were pro-active here, I would wait for a pull-back then try to get a piece of what looks to possibly be a large northerly move from a day-trade posture. If I had to guess, I would say around 1090 or maybe 11, 11:30 EST. They closed the gap from 2 days ago and so I expect there to be some selling into it then the next up-move would break the sellers for at least today....just my general thought. But I won't have time to watch it so I cannot say I'll trade it. It's easy to have an opinion when there is no money on the line. EDIT. I don't know why I get these "double posts" this and the next one for example. Anyway, I'll delete the next one.