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

To: donald sew who wrote (7209)	10/26/1998 10:38:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I covered at 75.50 I think it's still a sell but it looks as if it can bounce around for a short while. I guess I'm suspicious that the floor traders are aware that certain levels bring in buyers/sellers and fake us out by moving briefly over/under those levels. The more conventional T/A bothers me for that reason. So many watch where the S and R points are that it's not unusual to see the market move slightly past them and then recover. I imagine I have to start watching the DJIA more, though. Because when you start speaking of what the Dow is doing my eyes glass over.....Normally I fix on SPX and SPxx.