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

To: Tom Trader who wrote (6247)10/13/1998 1:18:00 PM
From: donald sew  Read Replies (1) | Respond to of 44573
 
Tom,

While watching todays tight trading, I was getting the feeling that later we could see a late day rally, which has been common recently.

However, checking my MOMO indicated, the DOWNMO has strengthened slightly hinting of a possible break to the downside. This indicator can change very quickly also.

Seeya



To: Tom Trader who wrote (6247)10/13/1998 1:48:00 PM
From: Patrick Slevin  Respond to of 44573
 
<I'd cover long before that>

I hope to deal with such a threat with an offsetting position in the S&P.

Good thing I did not go long....Those longer term doo-wops are all slowly turning bearish. A serious sell program could bust this loose if it occurs, methinks.

Wish I could make up my mind and actually DO something. The short above 07 was definitely the proper move, in hindsight.


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