SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: F Robert Simms who wrote (10922)12/23/1998 9:22:00 AM
From: Patrick Slevin  Respond to of 44573
 
I don't recall which time I speculated it would turn, noon is probably correct.

Now pull up an intraday chart and look at the morning action. See how abrupt that drop was? Another sell off at noon was unlikely. What appears to have happened was the entire morning pattern of a selloff was compressed into 45 minutes much like the morning rally on Monday.

That is to say, if you are expecting a selloff and it happened so hard in such a short period of time you should be at the very least trailing a reasonable stop to protect profits.....in a day trading mode, anyway.

So what do you have for today?



To: F Robert Simms who wrote (10922)12/23/1998 9:35:00 AM
From: Patrick Slevin  Read Replies (2) | Respond to of 44573
 
My models think like I do, that is scary.

They are going from

14 Long, 3 Short, 4 flat

to

7 Long, 10 Short, 4 Flat

at today's close.

I've never never seen such a turnaround on one day. Must be something really out of whack in the variables I use.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News