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

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To: TradeOfTheDay who wrote (5209)	10/2/1998 11:32:00 AM
From: Tom Trader	Read Replies (1) of 44573

Re Monday--we have an oversold market and various people calling for a bounce. Perhaps the event that will trigger this is the G-7 meeting this weekend and something from them which will cause a major bounce. Missed my entry on writing the puts--just could not bring myself to pull the trigger. May be another shot at it later today. You should get your 1 point, I would think--just be careful re erosion of premium with the weekend coming up. Re shorting stocks--other than the banks/brokers any of the sectors that have broken down should be a good shorts on a bounce eg retailers. I am just stunned by the devastation that has occurred -- PSFT at 22, HRC at 9+ and on and on.

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