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Hello
Even when you look at the cash today's candle is VERY bullish
I never use data from before 930 am in my testing
I do not trade in this hours
(if I have a position trade in sp05u,) then I just enter in globex my stop
loss
at 20 e mini for 4 big contracts,
add to the bullish candle a bullish p/c ratio and you have the making of a
bullish day
the fly in the ointment is: new highs decrease drastically
Ben
----- Original Message -----
From: "Deosaran Bisnath" <deobisnath@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>; <e-mini_traders_anon@xxxxxxxxxxxxxxx>
Sent: Thursday, July 07, 2005 8:38 PM
Subject: [RT] LOWS made in pre-market session: are they "valid" ??
> Although these days there is hardly a clear distinction between
> pre-market,
> normal, and after-hours sessions, with all these morphing into one huge
> contiguous continuous session from Sunday night Far east to Friday
> afternon
> EST, one always thought that when we refer to market making a high or low,
> we
> usually refer to the normal session, e.g. 9:30 am to 16:15 pm for S&P
> futures.
>
> So, how about today? Those lows were made pre-market, and market closed at
> the
> highs, 3 to 4 % higher for the indices. Would you consider those lows to
> be
> "THE LOW" on a ST or IT basis? In most similar cases it hardly matters
> because
> the actual normal session low would not be too far away from the pre-mrket
> low....not today! Reason I ask is to define the low and project fro mthat
> point
> ....
>
> Regards,
>
>
>
>
> ____________________________________________________
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