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Strategies & Market Trends : Tech Stock Options
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To: Michael Rich who wrote (33889)3/25/1998 4:04:00 PM
From: Tom Trader  Read Replies (2) of 58727
 
Hi Michael, thanks for your message--will respond to it later

I got back from the East Coast yesterday

A sell signal was triggered on the June S&P futures earlier today around the 1112 area -- a little below where it is at right now. However, based on my system--I did NOT go short the market because the momentum on the upside was so strong that the it is likely that, from a trading stand-point, any pull-back will be followed by higher prices. I will take the next buy signal and thereafter, unless the momentum on the upside continues its torrid pace, I will go short the futures when I receive a sell signal that follows the next buy signal. Just the way the system works -- obviously, there is no assurance that things will play out according to the above script.

Hope that you are doing well--I have been busy with other things but am getting ready to start trading again.

My regards to you
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