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hi guys,
good topic! fwiw, looking for followthrough buying off a low, i've found
that the THIRD
day or later from the low is more reliable than the frist or second (today
would be the second in the sp futures). I.e. the second day can be very
deceptive, looking
really strong on good volume (short-covering?), and then it could FIZZLE on
the third day right when it should follow through for real.
false 2nd day follow -thru example: 8/20/97
had a better one around here somewhere (I experienced it personally). It was
a couple years ago.
regards,
phil
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, January 07, 2000 10:42 AM
Subject: [RT] Re: position trading for futures/sp500
> In a message dated 1/7/00 1:32:49 PM Eastern Standard Time,
> bobrabcd@xxxxxxxxxxxxx writes:
>
> << Looks like strong resistance at 1433.81.
> BR >>
> March futures has to close above the 50 hours and the 200 hours exp. m/a
> (both@xxxx)
> nice weekend
> Ben
>
>
>
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