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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 (2530)	8/26/1998 12:29:00 PM
From: The Jedi	Read Replies (1) \| Respond to of 44573

I will wait for a lower low, because there is always the possibility of running this up and take it to 1135. I think yesterday the plan was probably to run it above 1110 but it did not work. I am very nervous around here to pull the trigger, specially as I do the OEX options, where premium can just burn in 10 min. Kiri

To: Tom Trader who wrote (2530)	8/26/1998 12:30:00 PM
From: coug	Respond to of 44573

The move started just after the Xover in the 3' B.I. at about 739.. This seemes to be working for the time being.. Edit: After thinking about this last nite, In these dicey financial times, I'm not betting against the bankers, the boys and girls with the money.

To: Tom Trader who wrote (2530)	8/26/1998 12:35:00 PM
From: SE	Respond to of 44573

The TICK divergence means we are going lower. Had the TICK been higher and the SPOO higher it is in step and hard to make any guesses as to direction. Had the TICK been lower and the SPOO higher, then it means lower. It was TICK even SPOO higher...which means lower for the SPOO, but not as strong as it would have been had the TICK been lower. ACK...bad explanation. I have a site somewhere that does it with graphs....I will find it for you. TICK rule should still hold, however, the high is now 1095, so 1085 is the new level....big deal, we were just there! :) EDIT - Sure while I am gone looking for that site...and I don't think I can find it, my set-up goes on a sell signal....FWIW.