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

To: coug who wrote (6331)10/14/1998 11:03:00 AM
From: SE  Respond to of 44573
 
I don't see any failure yet on the run-up, although it is slowing down here in the 11-12 area.... Per my short term method it would be a buy right now at 10.50 for a couple of points....

EDIT - Just a follow-up....the last buy was too weak and now having pulled back below the 20 period ma, I would be taking it off the table. Just in case anyone was following along....I did not trade it. Also the TICK has weakened.



To: coug who wrote (6331)10/14/1998 11:18:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
Well, coug. I just got done saying to myself, sell one at 10, 10.50 or so. Did not pull the trigger. Something did not feel right. I guess we shall soon see if my gutt knows what it is talking about.

EDIT - I think I know what is bothering me. The decline in the SPOO from 1012 should be greater than it is given the TICK decline and the other market indicators....don't know why it is showing strength....sure...now it begins to break....:)


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