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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 (12706)1/14/1999 10:57:00 AM
From: Tom Trader  Read Replies (1) | Respond to of 44573
 
Thanks, I'll watch for it

Do you see any other sells for today?

I made a terrible trade in the bonds yesterday -- and I am still teed off at myself for doing so. I went long the bonds on a day trade -- taking a large position. The entry was fine but given the logical place to place a stop, it meant that if the stop got taken out, I'd take a big hit. Well, the stop got taken out and because of the number of contracts that I had it was expensive -- it pretty much neutralized the euphoria that I felt about the spoo trade. The entry would have been fine with less contracts -- I don't know what I was thinking of when I put on the trade.




To: Patrick Slevin who wrote (12706)1/14/1999 11:28:00 AM
From: Chip McVickar  Read Replies (2) | Respond to of 44573
 
Pat and Thread
The middle tine of the pitchfork off Sept Lows is sitting at 1195 spx
This should be a serious support level

We bounced off a lower tine 1225 at 10:45 from 12/7 and are now through
it and bouncing again.....the market should fall further.

Next is a lower tine from a smaller fork off 1/4 high at 1216 spx