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One part of the problem is the tick size is too big. CME needs to get its
hand spanked like NYSE did, IMHO. Another thing is a lot of the
stop-running, day trading $ is pushing rus around now...more bang for their
buck.
Chris
----- Original Message -----
From: "Gerald Marisch" <gm@xxxxxxxxxxxxx>
To: "Omega Chat" <omega-list@xxxxxxxxxx>
Sent: Friday, March 04, 2005 4:38 PM
Subject: ES "flat" spots
> Sometimes I use a 5- or 8-tick SP chart with a 1 min. ES chart to trade
the
> ES. The best of both worlds - accurate entries, exists and trends with
> "instantaneous" fills.
>
> Even on a 1-minutes ES chart, there are many "flat' spots - 3, 4 or more
> equal highs or lows. Normally, I consider "3 of anything" as a red flag
for
> Resistance or Support.
>
> Anyone know why so many "flat" spots with the ES market?
>
> Gerald Marisch
>
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