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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 (20665)	4/9/1999 4:05:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Well, I was thinking to Sell 55 and put in a Reverse at 57 but it was wise not to as it turned out because the Stop Run would have filled me much Higher. The "Right" play from the Short side turned out to be to Hold without a Stop and Reverse on the brief retracement. Kool in Hindsight. But actually it makes some sense. It's late in the day, an upspike like that takes out the short term Long Day and Intraweek traders and the thing bounces back and forth for a bit. One thing I have to write down for myself. If I remember, I shall never trade Friday afternoon again unless it's a Lock. Too unpredictable. I don't say this based on today, it's from a long time of getting weirded out on oddball Friday activity. Don't get me wrong, there are late Friday afternoons a sudden burst of insight racked up a few samolians but on average I think it's a Gunslinger time to trade.