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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 (4124)	9/16/1998 12:11:00 PM
From: Leland Charon	Read Replies (1) \| Respond to of 44573

Patrick, Are you still long? What are you a position trader now??? Leland

To: Patrick Slevin who wrote (4124)	9/16/1998 12:15:00 PM
From: Brian Hornby	Read Replies (1) \| Respond to of 44573

Hello Patrick. Do you (or anyone posting here) follow Elliot Wave? Apparently (I don't have any expertise in it myself) 1042 on the Sept SP is the 61.8 retracement of the recent drop and is a major resistance (in a wave sense <g>). This would make it a good shorting point if it bounces off that level, or a buy if it goes through it with conviction. Right now it is just at 1042, so.... OTOH, I personally see nothing in the charts that suggest that 1042 is a resistance point. Brian