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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 (7911)	11/5/1998 1:00:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

>>We are at an interesting juncture --- this I agree...hourly looks like either 25 or 00 will be the next move.

To: Tom Trader who wrote (7911)	11/5/1998 1:00:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

Sorry, I actually went to sleep. Hank's newsletter has different "levels", so to speak. By this point, all but the most speculative gambler are out of the trade. The highly speculative play he has is to exit on the low of the day at 3:20 Eastern. So yes, he does expect the market to recover at some point but from what level and to what level he never speculates on. The only prices he ever supplies are Support and Resistance. The highest support figures are 111.3, 114.0 and the lowest resistance 121.0, 125.0 with a minor resistance point at 122.2 I think I shall exit one half of my remaining position upon passing through 1125.