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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mark Glembocki who wrote (10594)	4/12/1999 12:29:00 AM
From: Gersh Avery	Respond to of 99985

Hi Mark .. Congrats on your short. IMHO : This kind of gap down open will be played by the traders this way: When the rate of fall slows down it will be time to go long for the bounce. Then when the bounce up starts to slow it will be time to sell again. I would watch the rate of fall, cover then watch for the upward movement to slow to short again. From that point forward just run with close stops. The bounce may not even get over your cover point, but it would not be a good idea to set stops until the bounce is over. Now .. having said that, please note that this is coming from someone who has about 2.5 more years of penalty box to go from the chapter 13. I have been very very wrong before. Gersh

To: Mark Glembocki who wrote (10594)	4/12/1999 5:58:00 AM
From: donald sew	Respond to of 99985

Mark, A common pattern for a day when the futures are down big in the morning is that there should be some sort of a bounce. Its too early to tell what will happen by the close, but watch for those hints mentioned in the last update. seeya