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

To: Nemer who wrote (8652)	11/16/1998 11:21:00 AM
From: SE	Read Replies (2) \| Respond to of 44573

Nemer, I run a 50 period ma on the one minute TICK chart and it is amazing at how well the ma tells you where the price is going. Right now the TICK needs to get to -125 to hit the 50 period ma. If it gets signficantly through it....say to 0, you are home free on the long..., IMO. However, if it stalls at the 50 period ma, which it has been doing a lot of lately, we are still heading lower.....for now, lower is the bet. The TICK is just not supportive at this point. I figured you would have taken the 42 when it was presented before. You may get another chance if you are still long. Watch the damn TICK though....gotta get to 0 real soon..... -Scott