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


To: GROUND ZERO™ who wrote (9935)12/10/1998 9:54:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
Thinking about Fred's question on the roll day I went back quite a number of year, this morning, and found virtually every one of them sold off in December.

I cannot remember specifics, I'm still jet lagged.

I realized when I glanced at the market around 10:30 EST while in Dallas I fouled up the read; There was a subtle clue yesterday and I missed it.

But I had no trade on so I guess it's better to be lucky than good.



To: GROUND ZERO™ who wrote (9935)12/10/1998 11:40:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
GZ,

That pitchfork that you traded off the October Low has been a remarkable
picture of the forks ability to carry a position trade longer then most
traders would have thought possible. As well as the display of your
confidence in the forks guidance and signals.

The market was contained by the tine structure throughout the 10 weeks
and it never came close to penetrating the middle tine much less the
lower one. Even today as Frank pointed out it is still in play.

Only once at the end of Oct. did the market approach the middle tine.
That date -end Oct. 1st Nov.- also marked the forward time projection
that you brought to our attention.

Congratulations on Your Trade and Thank You.
Chip