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

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To: SE who wrote (15933)2/18/1999 2:35:00 PM
From: Bull RidaH  Read Replies (1) of 44573
 
Scott,

That 1:30pm high was tick confirmed. We'll probably go up for a higher index high and lower tick high to set up a sell. U still short? I sold the Oex 620 calls for 3.75 near the 1:30 peak that i bought on the morning selloff for 1.5. Probably could have gotten more out of them had i held out for the upcoming high, but i'm still holding T & JCI calls bought this a.m. for upside exposure. We could see a retest of the lows between now and tomorrow a.m., so i don't want to try to be a hero on the long side.

David

P.S. JCI's (Johnson Controls, Inc.) a real honey, and the Feb. 60's and March 60's (calls) are dirt cheap!!
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