More emini Workshop Commentary

Hi Students and Guest's...

Wild Friday and I missed all the fun.

If I was going to analyze my chart at the end of the day, this is what it would look like...and without the benefit of the TradeLog. Some comments about the first hours high: After the first hour (10.30) you would add 3 or 4 points to the high and low to get a feel for the range for the day. Not that it can't keep going, but just not likely...only you will know this if you keep track of the data over a long period of time.

Gaps...

Small gaps don't seem to matter all that much...so I don't pay much attention to them if there less that 4 points. Having said that...If I see the magic numbers and moving with stochastics I would give them some serious thought. Like that Blip pattern at the open.

A student pointed out you may have to look at the 24 hr. session to see if Stochastics is really in the right position at the open...he may have something there; lets watch it the next week or so. Please try to understand what is going on during the reversal time zones. Reports -- To reverse or not to reverse is the question.

Your Thoughts,

Marsh

Thought for the day...

Every great mistake has a halfway moment, a split second when it can be recalled and perhaps remedied.