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

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To: Tom Trader who wrote (3326)	9/6/1998 2:49:00 PM
From: Clay M	Read Replies (1) of 44573

Hi Tom. I haven't spoken with you in a while, as I don't come this way too often, but glad to hear that your move from West to East went OK. I'm still trading the S&P's, which these days keeps you busy. My trading has gone from trading the 2-3 days swings to a much shorter time frame, and more often daytrading. It makes it even tougher when you have problems entering orders, getting fills, etc. It's an interesting market, and with the bearish sentiment and apparently a large short and put position, I wouldn't be surprised to see a decent rally get going pretty soon, although it might have to test or take out the lows first. What would be funny, is see a dip below 936 to take out all the stops, and turn around to rally to about 1070 to take out all the shorts, then tank below 900. Maybe not funny, but it would make for interesting trading. The market always seems to want to shake out as many weak holders as it can before it turns for a big move. Hope trading is going well for you. Regards, Clay.

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