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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 (4887)	9/30/1998 11:22:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

Right now we have a TICK divergence indicating up-side to come. My system indicated two trades so far today...one short and one long. I was tied up in a meeting and missed both. Right now I personally don't have a feel for this market...Of course, my bias is lower, but it sure would be nice to be lower from a higher entry... Oh yeah, a 10 pointer? I'll take it. Where do I sign up? :)

To: Patrick Slevin who wrote (4887)	9/30/1998 11:31:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

I agree that we could have fairly large sell-off -- the stocks that I watch are all in the red and a couple of the high-flyers are showing signs of breaking down badly. I did get a continuation sell signal on the futures though I did not take it--I think that I explained that I follow a discretionary approach when deciding which continuation signals to take. I would like to short this for a postion trade if it rallies a bit. How high would you be comfortable seeing it go -- before you think that it would be indicative of a possible reversal??