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Opening up below about 1007.50 put the emini into the chop chop box ala
Market Profile thery...
1011-12 seems to be a good resistance. resisted three times.
Don
----- Original Message -----
From: "Infernal Elk" <infernalelk@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, September 24, 2001 9:57 PM
Subject: Re: [RT] A Contrarian View
>
> > for very few nimble ones.... so I'm not going to go with a counter
> > trend move like today ... My style would be to add to shorts on it
> > once I'm convinced it's through vs getting too cute with counter
> > trend... I think after Oct 98 lows are tested or taken out then a
>
> fwiw, overnight futures seem to be tipping over at the moment (0100
> eastern). we'll see where they end up in the morning & how it plays,
> but i would not be surprised to see some people take money off the
> table real soon. i am also mindful of the fact that the big funds are
> also cleaning up their books for show & tell to their shareholders, so
> massive churning & dumping of weak names will continue.
>
> - *lk
>
>
>
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