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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 (10191)	12/14/1998 3:28:00 AM
From: Patrick Slevin	Respond to of 44573

It's pretty tough to get a historical precedent. I don't think there were intraday charts when Nixon was going down this road. Globex just took a hit and is trading at the low, 1065.20 If it opens much lower than that it would qualify as a buy gap. Aside from that trade, taking it for a closing of the gap, I don't see it as an easy week to day trade. The weekly and daily activity is certainly negative. I can't guess at it, I may just wait for a spot, sell some Dow Futures, settle in and be disputable or whatever it was. Heck, with all that's going on it may be unwise to mess with it. You know one thing for certain, whichever way it goes will probably be the way that the least amount of people make the most money.