SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : S&P Index Futures (Daytrading SP)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ratan lal who wrote (62)12/10/1997 10:32:00 PM
From: VALUESPEC  Read Replies (3) of 350
 
I let my broker talk me out of my better judgement: to hold the s&p overnight and take the 1/2 trip to give him the margin check. I guess I got lazy ! Now I'm short again @ 966.80. I don't like chasing the market, but unless the foreign markets have a great rebound (which they do all the time), I expect this s&p to make me money. I think the market has the potential to go down a lot and I'll be disappointed if I miss it since I feel the odds are so much in my favor.

HK is down about 5% and S. Korea is having very big currency problems. The very fabric of their economy is falling apart. I'm not sure why Wall Street hasn't accepted this fully yet. I thought it might take two days for the US markets to react. I don't consider today a reaction. We should have ended at least 10 pts down on the s&p.

Maybe the "fun" will be tomorrow. I will be stunned if the foreign markets end the day near these current prices and the s&p doesn't open at least 10 pts lower.

Of course, the asian markets are extremely volotile, so they might be up in the next hour or two ! But I don't think so. S. Korea's currency breakdown is going to give fund managers a chill, especially when they see the bid & ask prices so low at the open . . . well, just my guess anyway. Who knows what will happen.

Again, I'm now short 1 s&p @ 966.80. I shorted around 10:25PM.

I expect to be up by about 6:00 AM to see how things look.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News