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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 (9080)11/27/1998 11:16:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
Right now the setup is clearly for a MACD and TICK bearish divergence. Just a touch more action and they will be completed.

EDIT ... or maybe just a touch more action to blow away any idea of a bearish divergence....rock 'n roll. Upside is where the action is....



To: Patrick Slevin who wrote (9080)11/27/1998 11:32:00 AM
From: SE  Respond to of 44573
 
I would think your system is getting ready to exit. I suspect next bounce won't be to previous high and the TICK will not get as high either. Good point to sell in my opinion. Probably 95/95.50. Of course I could be dead wrong and we just crash from here.....:)