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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 (10052)	12/11/1998 10:36:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

Tom, You know, one of these days this will all just fit like a glove. Truly, it will happen, but today is not that day. Once I got confirmation the STO was overbought and I expected/hoped for? a slight retracement to 1170/1171 and it never came.....so I sit, again and watch it rocket! :) Life is indeed sometimes a bitch! I will let you know. Right now I am undecided as to what to do. It is very overbought and if it pulls back to the 74 level I think a long could be scalped. I might try that. If not, then a short is setting up and I will await confirmation for that. It seems everytime I get something down that works like clockwork, the rules change. Couple weeks ago the same pattern I saw a minute ago always included one more slight pullback before the move. Last few days, no pull-back before the move. -Scott EDIT BTW, this move up was halted perfectly by the 200 period ma on the one minute bars....

To: Tom Trader who wrote (10052)	12/11/1998 10:57:00 AM
From: SE	Respond to of 44573

Tom Early sell alert. Alert only. Bearish divergence on MACD and TICK. Price basis SPX up against middle tine of fork off of 12/8 high and 12/8 low with middle tine through high from 12/7. This fork has contained prices quite nicely. I will let you know as it develops. Price confirmation will come at 74.75. -Scott