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

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To: SE who wrote (28389)	7/22/1999 11:32:00 AM
From: Nemer	Read Replies (2) of 44573

You think the Chairman is going to put the market down, huh ? I'm trying a NEW strategy .... along with the strangle that I have in place ... (short from 84, long from 76) anyway, the new one ... I'm straddling the market bid with a 2 point long buy and a 2 point short sell .... and moving this pup every minute .... I've been assured that the desk can get either of these executed even in a fast market ... Let us see what happens ... as the Chairman has just now started to answer the first question from the committee .... edit --- I have now determined that there will be NO fast market condition relating to the Chairman and his answering questions ... therefore I have taken off my straddle of the 2 point dealie and have closed out my strangle also ... out of the long at 75 ... in at 76 so there is a loss of one point letting the short from 84 ride ....

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