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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (2988)9/1/1998 1:20:00 PM
From: Tom Trader  Read Replies (1) of 44573
 
As I look at the internals, I am less than impressed with this rally

Advance/Decline ratio is rather anemic and the high volume suggests that there must be a fair amount of liquidation even as some step up to buy.

I am trying to figure out where to sell some more OEX calls naked since my system will not generate a sell signal without a sizable rally at this point. I prefer to establish these naked option positions when I get signals from the system--but that may be a while. Somehow I doubt that we will go much higher than the 8000-8050 level before the next decline commences.

I am having real problems with accessing SI today--not sure why this is so and whether others are having the same problem.
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