S&P Index Futures (Daytrading SP) Message Board

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Strategies & Market Trends : S&P Index Futures (Daytrading SP)

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To: ratan lal who wrote (43)	12/10/1997 2:38:00 PM
From: VALUESPEC	Read Replies (1) of 350

Ratan, you are concerned about going short with 10 contracts. Maybe you could do it with one and not feel so much pressure. The buyers have been buying stocks all day at "bargain prices". I hope they run out of money and let the market drop. The buying has come in waves and I'm shorting at the height of waves. As long as the tide is going out (overall market is headed down as evidenced by the lower lows and lower highs), I feel comfortable with the idea that this market is headed lower. If it goes up to 970 or so, then I'll consider myself wrong and bail out. s&p 967.00 dow -99.72 Trading is surprising orderly, but, again, with a downward bias.

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