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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (29731)12/1/1997 8:47:00 AM
From: Tom Trader  Read Replies (1) of 58727
 
Buy signal was triggered on Friday in the S&P futures

I went long the Dec futures as a result-- closing out the short position for a loss. Sell signal will now be generated if the SPX declines to below 949.90 unless the futures gaps down this morning -- which seems unlikely.

K Rose, the opening price that matters is that on the CME when the day's trading commences--the opening price on the Globex is not used by my system.

Hope you had a good thanksgiving--talk to you tomorrow
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