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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (2734)	8/28/1998 9:18:00 AM
From: Tom Trader	Read Replies (2) of 44573

Well here I am, ready after an hour on the treadmill to try and make a few bucks >>Why be angry, We can always hit it again. A wise attitude--you are right of course Anyway, I am glad that I am out -- given where it is at now -- though I know that it was a lot lower on the globex. I hardly ever initiate trades on the globex partly because I want to have a cut-off point where I am no longer focused on the markets. I am looking to short this just after the open -- probably around the 50 level. Nothing is a sure thing when it comes to trading--but I would venture to say that we should see selling coming into this gap open--1055-58 should offer resistance and the idea would be to short it as close as possible to that level---though I somehow doubt that it will get there at the first pass. Also looking to sell some more naked OEX calls--may be strike 525, this time--premiums are high and this should dissipate as the volatility becomes more contained.

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