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There is a six to eight dollar move around that time almost exactly EVERY
DAY. In fact a 6 pt move is one of the highest probability and most common
moves in the contract. Irrespective of the tide tables.
Michael
----- Original Message -----
From: "nwinski" <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, June 18, 2000 00:02
Subject: [RT] Re: Market Outlook
|
|
| Andrew Nopper wrote:
|
| > Norman, I think we should keep this Fibonacci thing for day trading a
| > secret, don't you <g>? Most people won't believe that the E-Mini will
| > frequently turn to the tick (let alone believe that you can make money
day
| > trading) and, frankly, I resent the competition out there for fills at
these
| > levels <gg>.
| >
| > Conspiratorially,
| >
| > Andrew,
|
| I am not worried. I believe that the human species has a built in
safety
| device against getting in tune with the markets via only about 5% will
ever be
| able to make any sense and have the discipline to do anything about the
markets.
| You could show the treasure map to 1,000 people, only 100 would bother to
take a
| look, only 10 would bother to ask any questions, and maybe only ONE would
want
| to do whatever work was required to help recover the treasure. That is why
I am
| not worried to tell you that 10:30, 10:42, & 10:46 AM EDT, on Monday, June
19,
| looks like both an interesting window via a cluster of points and that the
| resolution should occur near the 10:46 AM point for a short term intra-day
| turning point.. Watch for a six to eight dollar move in the E-mini either
before
| or immediately after this window.
|
| Cheers,
|
| Norman
|
|
|
| >
| >
| > ----- Original Message -----
| > From: "nwinski" <nwinski@xxxxxxxxxxxxxxx>
| > To: <realtraders@xxxxxxxxxxxxxxx>
| > Cc: <realtraders@xxxxxxxxxxxxxxx>
| > Sent: Saturday, June 17, 2000 3:07 PM
| > Subject: [RT] Re: Market Outlook
| >
| > > Earl,
| > >
| > > I recently added the live S&P E-mini quotes and charts. This past
| > week, I
| > > had some students here who were interested in the intra-day picture.
We
| > were
| > > amazed at how accurate the intra-day aspects were, averaging
forecasting
| > highs
| > > and lows within 5-10 minutes. Fibonacci did a great job of
| > > projecting price targets. If this keeps up, I may have to go back to
being
| > a
| > > day trader.
| > >
| > > Cheers,
| > >
| > > Norman
| > >
| > >
| > > Earl Adamy wrote:
| > >
| > > > As the was ending and I surveyed my trading in the currencies, spoo,
and
| > > > bonds, I realized that the markets just weren't doing what the price
| > > > patterns suggested the markets were going to do. When trading, I
have no
| > > > particular bias long or short, I just try to be where the price
patterns
| > > > say the market wants to go, but the markets just don't seem to
follow
| > > > through. Bonds have been profitable for day trading up and down the
5
| > > > minute chart but that's about it. Based on private emails I've
received,
| > > > I'm not the only position trader who has been seeing good setups go
| > > > nowhere or break down for the past couple of weeks.
| > > >
| > > > Bottom line is that I find myself out of tune with the market even
as I
| > > > do my best to follow its message. As Friday came to a close, it was
time
| > > > to get flat and take a deeper look at the message which the market
is
| > > > trying to convey. I may just be out of synch with the market or we
may
| > > > be seeing some very important fundamental shifts in market
| > > > relationships. Among the points I will be reviewing this weekend:
| > > >
| > > > a) the US$ has declined further and faster than it "should"
| > > > b) the S&P and NYSE indexes built an extremely bullish multi-month
price
| > > > chart but seems unable to follow-through - may signal danger ahead
| > > > c) with the exception of energy and a few others, many commodities
have
| > > > failed to sustain rallies in the face of booming world economies
| > > >
| > > > I will post a follow-up when I finish my work, however I'd be
interested
| > > > in seeing the thoughts of others on the list.
| > > >
| > > > Earl
| > >
| > >
| > >
| > >
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