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Norman,
Did I miss something here? My apologies but I don't seem to have the
original post to insure I get things right ... I thought I read 3
possible turning point times in approximate 15 minute increments with
the highest probability at 1046 EST followed by comment that an 8 point
move (not specified as up or down) would take place at the turning point
or immediately before. I may be dense, but I can't for the life of me
figure out how one could trade that kind of information even though I
can see how one would readily evaluate in retrospect that such a move
occurred. Perhaps you would be kind enough to re-post the original quote
and tell us what kinds of things we would look for in order to actually
enter a trade at the correct time and in the correct direction? I'm
really not looking for a hand-out of 8 points, but I am very interested
in learning how one might trade such turning points.
Earl
----- Original Message -----
From: "nwinski" <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, June 18, 2000 1:44 PM
Subject: [RT] Re: Market Outlook
>
>
> Jpilleafe@xxxxxxx wrote:
>
> > In a message dated 6/17/00 9:00:25 PM Pacific Daylight Time,
> > wl7bdn@xxxxxxxxxxxxx writes:
> >
> > << 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,...Thanks for stating the obvious regarding Norman's "Market
> > Outlook". Also intraday pivot often occurs around the 11:30 am
EST time
> > when most European markets close and their participation in our day
session
> > is ended. Not a big deal. There is much that could be discussed
here about
> > intraday turning points,..etc., but I think Earl was looking for
the Market
> > Outlook of others,...meaning what to expect over the next days and
> > weeks..etc. Thanks again. Regards, JIM P.
>
> NW: I didn't say around "11:30" AM EST. I said 10:46 AM EDT. You
ask me to
> post my
> market information and then try to berate me for doing it. To quote
that great
> modern philosphoper
> Jerry Seinfeld, "What's the deal?" At this rate, it will be another
four months
> or more before I post anything similar. Things must be pretty tough
for you to
> have to tear down someone's market projections, in order for you to
feel better,
> and before it has even had a fair trial in the market.
> How about after I am wrong on Monday, you can have a real picnic
posting how
> stupid I am?
> On the other hand, if the times I posted are anywhere near right,
perhaps you
> will consider getting off
> my case permanently? This totally unfair behavior is a good incentive
for me not
> to post anything.
> I am trying to give away some money and you are spoiling the party.
Why ruin it
> for the rest of the list? Check out the eggs before you kill the
goose.
>
> Thanks,
>
> Norman
>
>
>
>
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