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Strategies & Market Trends : The OEX... gasp!
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To: Stuart Briscoe who wrote (325)1/13/1997 8:58:00 AM
From: Patrick Slevin   of 658
 
Stuart, I only trade this beast day to day.
Today, the futures look like we have an early 2-3 point gain in the OEX then a pullback around 9 Eastern Time. I'm looking to go long there & hold until the last hour or 45 minutes.

What you are saying seems very likely. But Volatility is good for us if we are on the right side. So I would look to buy major dips, using Jan calls, and sell them on major rallys. But in my opinion, I think the week finishes up strong. I don't think the mid-750's is unlikely.

There are a lot of calls out near the money, and the pro's want them to be exercisable. So I will be watching exercises after the close each day for a clue.
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