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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 (16474)	2/23/1999 10:33:00 PM
From: Kevin	Read Replies (1) \| Respond to of 44573

>>> Still looking at options or are you ready to dare the Futures? <<< Options still at the moment. I plan to stick to them for a few more months at least. Before I jump into futures I'd like to adjust my sell points. It's the only part of the system that I didn't have time to complete (to my satisfaction). I think I should resolve this before getting my butt kicked in futures! >>> Which begs the question, as long as we are at the subject, do you think over the next few days----up, down, sideways. I know it has to be up or down else you would not have wasted the neurons necessary to press the on switch on the box. <<< Looking at the data from earlier this week for the SPX (I was not trading so I'm referring back) a buy signal would have been triggered on Monday once we broke 1240.22 Today we would have traded between the pivot and resistance #1 all day which means hold the postion. Trading above 1272.15 tomorrow will still confirm the buy signal. However, a break below 1262.38 the position should be closed and a further break below 1256.88 will trigger a sell signal for puts. How 'bout you?