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

To: jjs_ynot who wrote (10423)	12/16/1998 9:19:00 AM
From: SE	Respond to of 44573

Well, I did not do anything last night on Globex. To be honest, I went to bed early and did not feel like checking any prices during the night. This morning I see that was a good call as nothing happened basically and a better short is being set-up this morning than was set-up last night. I have a busy day with some year end stuff for clients, so I won't be around much. Looking to short, but worried also a bit about the Clinton deal. Read a post of Doug R's which made some sense on the MDA thread. Basic read of his is that there is up-side possible based on the formation and he would look to get long here, not short. Reasoning is that if the formation fails, it will fail at a higher level than this and the long side will be OK or at least flat by the time one would reverse. If the formation comes to pass, initial target is 11,400 on the DOW. Interesting...... -Scott