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 (134)	12/22/1997 8:11:00 AM
From: VALUESPEC	Read Replies (2) of 350

Nice work Ratan ! I managed to lose 3 pts and then decided to stay out. I tried to guess the bottom (953) and got out @ 951, right before it tanked. I would have bottom fished again, but the market was too crazy, so I decided to stay out. I wasn't sure what it was going to do. It appears the retirement money is still going to continue hold this market up. Also, the low interest rates are helping, too. Even though the foreign markets were down nicely last night, I didn't want to go short because the the US markets have already been falling for a week. If the US markets were at a high, and we had a night like last night, I would have been short. At this time, it could go either way. The wave is alread back some, so I'd hate to jump in based on the hopes that it will go back further. VS

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