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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 (18961)3/19/1999 4:23:00 PM
From: GROUND ZERO™  Respond to of 44573
 
Thank you...

Crude oil looks serious, I covered my shorts today for a $500.00 loss plus commish.....

I closed out my twelve bond positions on the close for 29 ticks per contract but did not go short... I think I'll sell a rally on Monday.....

and I closed my six SPM's on the close, didn't get my fill yet, and did not go short... I won't short this market yet.....

My guts told me something yesterday morning, but I waited... next week this whole thing could fly, but I'm very please with my trades to date... when I get nervous, I just close it out.....

The a/d is approaching zero, but no cigar yet and at this point, the a/d sum could easily turn up or continue lower again.....

We tried three consecutive times to get above 10,000 and failed..... no need to risk at this point.....

I'm gonna have a great weekend, you do the same...

GZ



To: SE who wrote (18961)3/20/1999 7:26:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 44573
 
Scott,

I looked over the charts, we may be at the head of a head and shoulder pattern in the DOW and SP's. This projects a drop to about 8100 if it completes itself... big if at this point, but it's worthy of mention here and something to watch develop..... I may now even take a short if we see an early rally on Monday.....

Later.....

GZ