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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 (6365)10/14/1998 1:30:00 PM
From: SE  Respond to of 44573
 
I have decided not to short it unless I get a solid sell signal. As far as a long goes, the TICK is not acting right to me for a long position. However, I have seen this action before, and if I re-call correctly on a generally trending day the TICK does not "act" right...as compared to a more volatile day. I am not sure I can trust my feeling that the TICK is not supporting this rally....so that leaves me flat I guess.



To: coug who wrote (6365)10/14/1998 1:36:00 PM
From: SE  Respond to of 44573
 
I would suspect that 1018 to 1020 will see a downturn of sorts as people will short at that level. If we get through it, I would suspect a lot of buy stops on the other side that could drive it to the mid 20's.

Just a guess.....

EDIT - TICK getting quite strong. I am going to watch the PREM and the TIKI for any indications of a blow-off top here. Obviously I am talking short term, but if they indications are there I might short it for a quick ride back to the mid-teens.....


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