Replies to post #10386 on TRADING 04 FUTURES

[Y worry Murray]

A daily close below the trend line currently at 1273 would be a signal to sell longs. However, I would be hesitant to sell short without a prior TCL OS & R or a TL test after the break and failure breaking though the prior low. "Identifying a change of trend: Its as easy as 1-2-3" is explained in Trader Vic's "Methods of a wall street master" on Pg. 74. Below a TL test after a break can be seen on Nov. 18th but there was no break below the prior low setting up a daily short.