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

To: doug-e-mini who wrote (19165)	3/24/1999 9:01:00 AM
From: SE	Respond to of 44573

ACK! 121'17. I think you are correct, we missed the bond entry. Damn. How can that be? I was waiting for it.....nuts. I have to reexamine my levels.....double nuts. What a trade. I looked at your fork and that would be a pivot 1, pivot 2, pivot 3 fork in the way Gordon is teaching me. It should lead to the Pivot 4 point on the middle tine, which it kinda did on the mid Jan low....but there is congestion from that point forward and I prefer to use the March low as the Pivot 4. The Pivot 0 (starting point) on OCT 8th and pivot 3 and 4 as described herein should lead to the Pivot 5....which is a lot higher. If we do not reach pivot 5 and reverse, it could/would be viewed as a failure and I suspect the downside is then more severe than otherwise be the case. The middle tine itself sits right at the bounce on the June contract and a few points lower on the SPX at 1250 SPX. Whether or not it still is considered resistance I don't know....but for now it is dead nuts on.....and has been controlling the market action for some time...middle and upper tines. I like that fork and think the market should respect it. Would you like inform the trader's that up is now the direction, or would you prefer me to....<<gg>> Nice find.

To: doug-e-mini who wrote (19165)	3/24/1999 9:06:00 AM
From: SE	Respond to of 44573

You know, one thing I have noticed with the bonds and intend to do some work on after tax season is that if there is a strong move in the morning the rest of the day general goes counter to that move. Now if we attempt the early highs again and fail, bonds are probably a day trade short and could be held most of the morning at least to capture the counter move lower.... Let's see what happens...