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

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To: Michael Rich who wrote (23583)5/19/1999 8:31:00 AM
From: Jerry Olson  Read Replies (2) of 44573
 
Hi Mikey...

i was so shocked<g>...Cyclicals???? hahahaha...S&P's..all strikes from the top to the 900 series...

ALL-BA-KO-DD-EK-EDS-XON-G-HWP?-NSM-MO-PG-COMS-UAL....just to name a few...

i was thinking about writing covereds on DELL but i could just bail??? whatca think???no biggie either way to me...

i looked at a lot of nets Mikey..a ton of them have come off bearish triangles....we need to be prudent here...

also my 2 early warning P&F indicators have turned down..these were the 2 that lead the markets up from 10K to 11K...so my guess would be we'll see 10K again...also if one other turns here the BP-OPTI, i would be short everything...i mean it...also the Big Boy NYSEBP has stopped short of a double top, and is moveing lower although in a column of X's...it would take a lot to reverse it...

btw, the put plays are Sept thru Dec time frames...in other words buy them right here, for Sept strike...we probably are range bound in the markets now...lows 10,200-300, highs 11,100-200....not a bad range huh?<g>...playable for sure....
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