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


To: Patrick Slevin who wrote (10597)12/17/1998 11:17:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
Livingston new speaker of the house...reveals that he is an adulter
biz.yahoo.com
.
But They still Love Him

Well even Hitt gets a hit now and then
He is better then most.




To: Patrick Slevin who wrote (10597)12/17/1998 11:18:00 PM
From: SE  Read Replies (2) | Respond to of 44573
 
You lunatics. Out of control.

OK, finished some work and finished my charts.

Here is what I have, and I will attempt to make it short as I know Patrick only reads the first couple of paragraphs and then either skims the rest (at best) or clicks next!

I got forks. Top tines 1195-97 SPH, 1185-1187 SPX. I got prior highs...which won't be reached at 1208 SPH and 1193.53 SPX. I got upward sloping trendlines given listing open and close pricing for tomorrow SPH 1185-1190 and 1175-1180 and SPX 1172-1177 and 1168-1174. Once those are breached it is downward city....let's be on the train before it hits these numbers.

MACD bearish divergence on SPH five minute charts and longer. The biggie bearish divergence on the SPX at 120 minutes and longer.

We are getting ready for a nice move down, IMO.

I would like to short in the low to mid 90's. I think I will use a tight stop and hit it again if it gets higher.

That is the travel plan. I will be watching the 10:30 est time frame for the short...if it doesn't occur there, I will be looking around the lunch hour with the expectation of the move down beginning at 1 pm, right after the eastern lunch time frame....the guys in the pit in Chicago don't eat lunch....they snack all day on S&P order slips.

That's it....see you all in the morning.

-Scott

PS - Sorry, Pat, I just got longwinded again on you....:)