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

To: Stoctrash who wrote (3159)	9/3/1998 12:37:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Sell alert! Just got a sell signal that looks valid and strong. Had I not been napping at the controls I would have hit it already, as it is I now have to wait for a bounce. I will look for a pull-back to the 200 period ma one minute bar chart (980) for an entry. Hopefully PREM will be in the 1.5 to 2.0 plus range and the TICK will be climbing to the -400 range or so. That is what I am now watching for.... What would wipe this out is a very negative PREM (-6.0 or more) and a very negative TICK -1500 or more prior to entry. I would not feel comfortable entering under those conditions.