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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 (2946)	9/1/1998 10:59:00 AM
From: SE	Respond to of 44573

I am having a hard time with today. Right now I am on a buy and am awaiting a pull-back to consider a long. Today I think it is best to trade your system dead nuts on and only trade the signals that are the best looking chart patterns. So far today, that has kept me out.... ....and it might continue to keep me out. First TICK divergence of the day...not much of one, but it indicates downside to come. Also keep in mind the 1200 point rule is now in effect...although a forecast of a 10 point drop doesn't appear to mean much these last couple of days....

To: Patrick Slevin who wrote (2946)	9/1/1998 11:06:00 AM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

<<I hear Merrill is pushing clients into bonds. I wonder what will happen to that market if the Greenback continues to falter.>> I looked at the DXY the last few days....not looking good!!! Notice how the bull trend there has really peetered out the last few months, hell the last year even. Look how the stocks have accelerated south once the DXY gave in. If it breaks the next support ~98, it would be nasty IMO. Right now its bounced..but the day is young.

To: Patrick Slevin who wrote (2946)	9/1/1998 11:23:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

How obvious does a buy stop level have to be before it becomes so obvious that it is self-defeating? If you can run with a 6 to 8 point stop, suggest a short in the high 70's low 80's. If you cannot accept that much risk....wait for the buy stop run which might carry as high as 85 then short it. What do you think?