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: SE who wrote (11786)1/5/1999 12:37:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 44573
 
Well, it looks like the buy signal was fine, after all

I need to revisit this question of where to place money management stops at some point



To: SE who wrote (11786)1/5/1999 12:44:00 PM
From: Chip McVickar  Respond to of 44573
 
Scot' 1240 here on the spx is an upper tine...there should be a bounce
and some sort of confirmation if it will go hirer

edit...yup there it is at 10:45
if it breaks through there is another middle tine at 1243spx



To: SE who wrote (11786)1/5/1999 1:13:00 PM
From: Patrick Slevin  Respond to of 44573
 
Funny, I was just thinking of taking off part of my positional long in order to buy it back lower;

Of course, if I'm not to buy it lower I would still have the bulk of the position so it would not make much difference----considering I held the sonuvagun all the way from 1261 to 1227 yesterday.

How bright was that? And like I mentioned to you, I knew it was going to bounce strong but I would not add to the damn thing. Now if I dump part of it I will be able to.

Well, it could be that other pattern where it just goes straight up all day but I still favor the concept that it will pull back and bounce late.