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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 (15553)2/16/1999 9:45:00 AM
From: Chip McVickar  Respond to of 44573
 
Good Morning Scott,
Pretty much the same as the last few weeks off the 1/4 fork
SPX 1212-15 Lower tine -- 1275-77 Upper tine --Middle tine 1245±

There are others:
Sept GZ fork M-tine = 1225± -- Lower = 1145± -- Upper = 1325±

Untill we get a resolution of this major sideways pattern....
IMO....These are the boundaries.
There are other tines around that may take over

Powerful move this morning took out my 2 shorts from Friday
If it stays above 1245 we could see 1275-77spx

I'll look for T-proj for today
Good Luck
Chip



To: SE who wrote (15553)2/16/1999 10:02:00 AM
From: Tom Trader  Read Replies (3) | Respond to of 44573
 
Scott, buy signal triggered on my system

Am long at 51.50

Closed out the short based on the system for a loss of 9 points per contract and the add-on short for a loss of 14 points per contract

Just as well that I did not short the gap


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