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

To: Patrick Slevin who wrote (2352)	8/25/1998 9:25:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

That would put the DOW square into the 8700 to 8750 resistance ranges. Interesting. I suspect you will go long any early pull-back. I think I will watch for a while to see what develops. I have to work on getting back to my basics. I have been trying some new things without success. Seems to me new things are best tried on paper before committing any real funds! Yesterday afternoon I tried to call the direction and put on a trade. If the market proved me wrong I tried to do a SAR to make it a positive net trade. Well, I learned quickly...that method is BS. All that does is whip you on both sides! Which brings forth a question. I have in the past on about two occassions made a SAR once I was wrong and it worked. I need to restudy those two occassions to see why it worked then to try to define when a SAR is a safe bet. Do you or anyone have any theory or methodology on using a SAR? -Scott