Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Trader who wrote (4617)	9/24/1998 4:04:00 PM
From: coug	Respond to of 44573

Bev might be right.. it might try to stabalize.. BUT on the other.. My way is the short way now... It broke a little up trend line.. But ....In other words, I don't know...

To: Tom Trader who wrote (4617)	9/24/1998 4:16:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Yes, I just took ten points. I thought lower was in store but I really get a bit nervous when the limits hit. You never know how it will come out of it....particularly in the last hour with the potential for a short-covering rally. Right at this moment I would have to say I would buy a down Open looking to reverse within 40 minutes. But I have not created anything for certain yet....I don't usually work on that until the late evening, early morning. In much the same way that you have 45 point targets I use 10 for certain types of trades. Of course, more than 10 is fine but I had to have at least 10 to be happy with the trade. So the exit was just fine from my standpoint.