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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 (6815)10/20/1998 11:02:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
For now, I am on a buy signal. There are aspects of it I feel uncomfortable with so will watch to see if it pans out. A pull-back to 87 or so, if the rest is still lined up would be the entry.

I just mentioned in a PMail that the SPOO should be lower due to the level the TICK had fallen, but it wasn't. That shows some underlying strength and we should go higher. Not perfect, but that has been the tendency.

I am with you coug, looking for a long entry.

-Scott

EDIT - Of course, on the other hand, we have a divergence between the TICK and the SPOO which could set up a trend down the rest of the day. Don't you hate it when the indications don't all line up the right way?



To: Tom Trader who wrote (6815)10/20/1998 11:03:00 AM
From: Patrick Slevin  Respond to of 44573
 
Everyone is on the same wavelength it appears.

Scott and I also debated 79 as a critical turn.

I am waiting perhaps 5 to 15 minutes and shall short once more then throw in the towel.

Have a good day.

EDIT Short at 88 even