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


To: SE who wrote (3764)9/10/1998 11:49:00 AM
From: The Jedi  Respond to of 44573
 
Look at the 5 min SPX chart. Starting Tues 3 pm to Wed 10am we spiked higher and then went flat. That to me was an indication that we will drop off in the morning. A spike high and then retrace with a flat ledge being formed tells me there is a likely chance for falling off the cliff. Very easy to spot and very common at various time frames. It is explained in LBR's book Street Smarts.

Kiri