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


To: TradeOfTheDay who wrote (6880)10/21/1998 10:29:00 AM
From: SE  Read Replies (2) | Respond to of 44573
 
Looks that way to me, but I thought it was a go since yesterday in the 3 o'clock hour and coug indicated not quite yet....so in essence I am not 100% sure.

I did not take the trade. Don't know why. Knew the thing was going lower. Nuts. Could have filled at 70.00.

Such is life.

-Scott

EDIT - I have a new chart up that is interesting and somewhat predictive of longer moves. I have the NYSE Advancing divided by NYSE Declining. Haven't worked with it much, but it appears that anytime the ratio gets to under .50 for an extended period a move up is expected. Anytime over 3.5 a move down.

Don't hold me to that. I just started looking at it last night. So far today the trend on that chart is lower....