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

To: Jimsy who wrote (24194)	5/25/1999 5:10:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Jimsy, My signals today were very strong for a bounce Up off 1306spx and 1348spx over the next few days would have been very possible. Got the nice bounce as expected, but no carry through....by 11:00 the internals were in line with those expectations. Then they began to fail significantly. Even by 1:30 the entrance for a long still looked correct. My entrance times seem to be okay, but the overall trend is down and these attempts at countering that bias are not working out. Good lessons when paper trading and developing an entry/exit system. I hope these mistakes will not be made later? 1300± remains an important area.... I have another indicator which suggests this break away from 1320 today will bring on further selling. That now looks to be the case. We shall see? 1260spx is the next support I have.... Then 1248spx looks very strong....we might get there by Friday. I hope your on the right side of this market and its moves! Chip