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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (10028)12/11/1998 8:49:00 AM
From: Patrick Slevin  Read Replies (3) of 44573
 
Hm, here's a flash.

McMillan notes that the S&P Futures Option Ratio is the first of the major ratios to issue a sell signal. He says it was also the first to signal a buy last September. I've never paid attention to it; if it was early in September it may be also early now, he observes.

What the heck, did someone e-mail the world my fax number? I just got complimentary subscriptions to Jerry Hagerty's OEX Options Navigator and his S&P Futures Navigator.

As if I have time to get confused with more market opinion. Let's see;

He says in the OEX he's long 20 DEC 560 puts from 2.25 and wishes to blow them out today at 4.50; so I guess he expects a mid-term bounce.

In the Futures letter he is daytrading a sell at the Open so I guess he expects the morning to be down and then he wants to cover so perhaps it's the afternoon he sees as a bounce.

There is a lot of information in his stuff; it will take me time to read it all.

Like I have plenty of time to spare.

I wish these guys would send me a box of fax paper with these reports.
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