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Realtraders,
Last week we began discussing the S&P 500 as part of the "Market of the
Week" feature on Realtraders. I apologize for not starting off this week
with a new security but I guess it is not too late to begin another topic
of discussion regarding the S&P. The reason why I chose to revisit this
market is because it is becoming increasingly interesting to follow....We
may be on the verge of a breakout to the upside.
Attached is a 60 minute chart of the Cash index and what I would like to
point out is that we are just below the blue downward sloping trendline
that connects the previous highs since December. This trendline has
provided significant resistance to this market and if we can get above it,
it should begin the first leg of a continued rally back to the old highs in
this market.
Obviously, if this market can DECISIVELY exceed it old highs, it would
portend a strong rally in the US and possibly world markets that could last
several months. At this point, it is too soon to tell but I thought I
would give you my findings at this time and that over the next few days, we
should pay particular attention to this downward sloping trendline.
Other opinions are encouraged,
John Boggio
Attachment Converted: "c:\eudora\attach\motw0128.gif"
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*****************************************************From ???@??? Wed Jan 28 19:11:42 1998
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Date: Wed, 28 Jan 1998 19:55:51 -0700
Reply-To: allank@xxxxxxxxxxxxxxxx
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From: "Allan L. Kaminsky" <allank@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: dow futures
References: <01bd2c4a$d916e400$4d64d9cd@xxxxxxxxxxxxxx>
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Status: O
I trade the DJ with market orders and generally get the price I see on
my screen (BMI satellite), or 1 or 2 points away if it's fast.
Allan
____________________________________________
Carl Epp wrote:
>
> rt's,
> does anyone trade dow futures five min bars. I think the daily volume is
> about 12k. open interest being 16k. this is thin compared with s&p 500.
> the question is how are the fills? if i enter a buy stop in normal market
> conditions, can I expect a fill within 2 dow points once hit? or even one
> point? is 12k volume too thin on a one contract basis? any help appreciated,
> thank you....... carl@xxxxxxxxx
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