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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 (11603)1/4/1999 11:14:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
Thanks Pat
I look at 1 min and 5 min and some dailies
I will keep that in mind for the coil...makes sense

We just got a little bounce off a small lower tine at 11:00
We sure are sticking to 1245spx

Earlier work off 12/31 forks show moves at 11:55 / 12:05
That might be it....?
But it should go against which ever way the market is traveling
These fork bounces seem to go the opposite direction 90% of the time.

Another fork just formed...looking for a down move at about 11:15-18



To: Patrick Slevin who wrote (11603)1/4/1999 11:27:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
The way this thing looks to me right now is that the excess of this morning is being taken off simply by the sideways move. That has been the trademark of this move up since 12/14. It may move down a bit, but appears to be ready to make another up-side move before long. I would think low 50's would be the extent of a move lower. BWDIK!



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