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


To: SE who wrote (15299)2/11/1999 10:57:00 AM
From: Tom Trader  Read Replies (3) | Respond to of 44573
 
I think that you may be right re the gap

It was closed on the mini but not on the large contract

Anyway that spike was way to fast for me to have gone long -- unless I had an order already in place.

I too could get a buy signal if this strength continues



To: SE who wrote (15299)2/11/1999 11:05:00 AM
From: Chip McVickar  Respond to of 44573
 
Looks like a good stronge run
10:40-5 worked well

STRONGE FORK -- Should see 1245spx,
but look out for 1:40-50 AND 2:30-40
Ciao



To: SE who wrote (15299)2/11/1999 11:06:00 AM
From: Clay M  Read Replies (1) | Respond to of 44573
 
If you need another indicator, take a look at a daily VIX chart plotted with 20 setting Bollinger Bands. When VIX hits the lower band, a selloff is due in 1-3 days. VIX hit 26.33 low and a touch of the BB lower band on 2/1 which was the spoo high.
The upper band is now 34.30, and VIX hit 33.11 today, which means if it hits the upper band a rally is due in 1-3 days.

Looks like the bull is getting loose. The buy was obviously 34 on the pause. Maybe we'll get another chance.