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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 (24246)5/26/1999 9:11:00 AM
From: John Meade  Read Replies (1) | Respond to of 44573
 
Good Morning, I'll go short at the open 6 point target, 7 point stop. Technically we are oversold on the daily chart but, I got to follow my system.

John



To: Jimsy who wrote (24246)5/26/1999 10:34:00 AM
From: Chip McVickar  Respond to of 44573
 
Jimsy,
Your reasoning makes sense with the DOW/SPX

If you look at GE there's a bearish coil on the 30min and 15min charts. There was a break....I do not believe this is resolved yet, maybe I'm wrong and the pattern is resolved?

Anyway...I'm not looking for any rebound until next week after the holiday

FWIW
Just sold one short [paper] off 1295es9m to close the gap
Holding another with a stop at 1209es9m