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

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To: SE who wrote (9948)12/10/1998 12:43:00 PM
From: Tom Trader  Read Replies (3) of 44573
 
EDITED Scott, Brain and Chip--just one combined posting because SI is slow

Scott, ignore us and do your thing--I know that the majority of your reads are pretty good!!

Sell signals on the SOX and RUT as well -- but the NDX and the NAZ remain on a buy signal for now.

Looking to short for a day trade -- but only on a bounce

Brian, I made about 5 points on the short trade on the OEX puts -- not all bad; am looking to sell call strike 575 and have placed my order but it is based on getting enough of a bounce. If it begins to break badly, I'll short a few more at a lower strike. Am already short the Jan 590 calls -- but that was part of a more complex strategy -- will keep those short for now.

Chip, the bounce so far has been weak and I am hoping for enough of a bounce to get the other positions filled.

GZ's system should be on a clear sell signal based on the a/d for today.

Brian, my order to short the OEX calls just filled -- strike 575
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