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

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To: Patrick Slevin who wrote (8163)	11/9/1998 3:21:00 PM
From: Tom Trader	Read Replies (1) of 44573

My system reversed the buy signal a little earlier -- this is really a sell signal but because of the momentum on the move up, I do not go short -- until I get the next sell signal. The reasoning is that this decline should be limited because of the strong upward momentum. I will use this weakness to gradually close out OEX calls that I am short -- and wait for the next buy signal to go short OEX puts and go long the futures. Waiting for a buy signal to go long the system.

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