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


To: F Robert Simms who wrote (13778)1/26/1999 2:36:00 PM
From: Bull RidaH  Read Replies (1) | Respond to of 44573
 
Robert,

I just shorted the XLK at 36.425, and am looking for 1255 to hold on the March S&P (based on this a.m.'s reverse head & shoulders pattern, and the wedge formation whose point landed on 1255). If we go back down through 1248, I'll have my confirmation. If we see 1258, we'll be looking at 1263 probably, and as high as 1268 before the rally off the Monday lows finishes up.

Regards,

David

P.S. The 50 to 62.5 % retracement for the move from last weeks high to Friday's low lands in this area as well (52.5-58).



To: F Robert Simms who wrote (13778)1/26/1999 3:12:00 PM
From: Brian Hornby  Read Replies (1) | Respond to of 44573
 
Bob, I went long XLK yesterday. Let me know how your net signals develop for it. I am going to look at it when I get my system.

Brian



To: F Robert Simms who wrote (13778)1/26/1999 3:17:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
I have nothing on at the moment, Bob, except for an OEX put position.

Dum, de Dum. I wish it was warm out.