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

To: coug who wrote (16717)	2/26/1999 12:31:00 AM
From: Patrick Slevin	Respond to of 44573

T. Williams smells blood, for example. He is looking for a Lock Down. Of course, he did not provide a time frame so perhaps he is looking at the afternoon. Other guys are just jockeying to be positioned for a solid drop, I don't recall exactly why or what the parameters of the drop would be. Generally the consensus is that the market comes out of a tail spin next week.

To: coug who wrote (16717)	2/26/1999 3:54:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

One interesting thing is that we could both be right. Globex started dropping like a stone a few minutes ago. I could get hooked on this night trading. Many of the charts I was looking at provided this idea. The day could finish negative but the best trade would be Long. Many similar patterns to what I think will play out on Friday dropped hard very early, starting with a down Open. The markets almost always rallied back but many of them finished negative. So it was correct to be bearish and to be Short but the best day trade was from the Long side. Globex just dropped suddenly, I don't know whether to try a shot now or wait an hour.....I guess I shall wait. Good luck in the AM.