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

To: Kevin who wrote (16912)	2/27/1999 7:48:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Hey, back from the other side of the grass, I see. I was just about to run out for a whiskey....so much for that. I have the market rather split Monday....it's a moronic observation. It can either go straight up, up then down, or straight down. The only way I can see to play it is to watch the first hour. If the Open is strong or the first hour tries to move down but fails around 10:30 then the bus is leaving the station. The Long then has to carefully controlled around mid day to guard against that late pullback. So that covers all the bases. If it moves solidly up or drops and finds support by 10:30 it's a definite Buy. Else, it's hit the bricks and it's cooked all day. If I had to use actual points then I would tend to agree, the 1210 level meshes well with what I would take a chance on in the corresponding level in the SnP Futures. Breaking 1210 hard in the Cash however will put me on the Sell side, much as I would prefer not to. But I do not think that shall happen, I really would love for the darn thing to sail to the 1210ish area right quick and get this whole boat rocking back up. The darn thing has been messing around with a re-retest of that area forever now and I for one would like to see it resolve as soon as possible.