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

To: SE who wrote (10067)	12/11/1998 11:35:00 AM
From: Patrick Slevin	Respond to of 44573

I'm going to be taking this off in a few moments and wait for what I think is the "better" buy. High TIKI readings should not be faded, I don't think, but rather taken as an exit signal. On the other hand this is a rare reading.... Wait, I got to get out of this position

To: SE who wrote (10067)	12/11/1998 11:42:00 AM
From: Patrick Slevin	Respond to of 44573

I have to learn how to tell time; I told Tom when to get short and I stay long right through it. Out at 79 for 100 points, gee it was over 1181 at the time I had for the short....uuuh, I stink. The Plus 30 reading is very extreme. it suggests a concerted effort to bring it up and is very rare. You watch it every day, how often do you see a 30 reading? 26, 27 is a signal for a likely exit as the extremes are hitting but 28, 30 is much more telling, I believe. Generally such a reading plays out 30 minutes, an hour or so after the reading and sets the tone for the next couple three hours.