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

To: Patrick Slevin who wrote (7813)	11/4/1998 10:27:00 AM
From: SE	Respond to of 44573

I have PMailed Patrick my intent to short this thing this morning based on a TICK divergence, MACD divergence, way overbought on RSI, and in general, just too much euphoria to the upside. I missed the entry cause I had to step out, and then I had a second chance at it a short time ago. The first entry would have have been real money...the second was on paper only at 29.50. The reason I did not take it with real money is that the TICK has been dropping and the SPOO has held firm. I have noticed in the past when this occurs it simply is an indication of underlying strength in the SPOO. In fact, if I can grab a couple of points on the 29.50 short, I might be inclined to SAR it based on that observation. Will depend, of course, on the look of the market at that point.