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Strategies & Market Trends : Sharck Soup
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To: James C. Mc Gowan who wrote (12057)3/16/2001 1:20:52 PM
From: James C. Mc Gowan   of 37746
 
SPX hits low end(.625) of intraday fib 1159; all indexes rallies fading. Now intraday range of 1158 to 1164 allows limited trading moves.
Able to reset puts at average 8.15 with the bounce off lows; only got 1/2 position back, however.
Maybe some bullish rumor or misplaced pre-Fed euphoria will allow reset of full put position. Profit often, though.
My broker said the 1000 contract print at 7.50 around noon was likely a late time stamp on a trade done earlier today.
James
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