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

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To: Nanlin Chiang who wrote (21695)	4/26/1999 2:23:00 AM
From: Patrick Slevin	Read Replies (3) of 44573

I'd sell it right now, but I want it to move higher from the Open or at least from 10 Eastern. I think if it does it could be an important Short, in the sense that it could shake a lot of Bullish people right out of the tree before moving higher. As for a target price I do not know, but I would sense the Futures could drop to the 40 level or lower so at least 20 points on the SPX. If on the other hand the market sells down first I don't think the resultant Long position would be as profitable, though what the heck.... a buck is a buck.

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