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

To: Gary E who wrote (20099)	4/3/1999 6:08:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

To be honest I'll take a Positional trade off in a heartbeat if the short term data indicates as much. If there is a short term dip that's okay, but if the data suggests a short term failure, as it did this week, then it would seem unwise to carry the positional trade. For example, I was Long positionally from the 1291 level. The failure was down to that area. Best to book profits and re-enter later. Of course the posture is that one accepts the premise that the Short Term read is valid. If not then you are shooting fish in a barrel, just buying or selling based on a belief system that has no respect for intraday swings.