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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 (21477)	4/20/1999 10:51:00 AM
From: SE	Respond to of 44573

I see a real tug of war going on out there right now. But I guess that would be expected on the day after we were down nearly 60 points from the intraday high. Easy to get whipped on a day like today. I think today takes conviction. For example when we were in the mid 90's a bit ago and it looked like it was about ready to roll, that was the place to simply buy one and put a stop below the next support level of 1288/90 or so. If the thing was going to recover, it was going to do so right then and there. Much more down and it was all over. Kinda like buying 1300, selling 1305. I am still not convinced this is over, but it looks a touch better.