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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Brian Hornby who wrote (28702)	7/26/1999 11:19:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I'm real uncomfortable anticipating it going any lower than it's early Low today, to be honest. But I think that's the way to play it for a Day Trade. Buy the break lower. I'm only up this late to see if I can catch it on Globex....plus finishing Net stuff. As far as anticipating that the rate fears are factored in...well I'm not that comfortable with that either. It was charging pretty hard the last few weeks. So the retreat to this level seems natural but at the same time it seems that the Fed wants to declare war on the equity markets. Never been much of a Long Term player with respect to the Futures, though. Besides, I travel often enough that it would be fruitless for me to even consider that far out. This time next week my plan is to be headed to a place that does not even have electricity....much less a phone link. Can you imagine having a Futures position on while completely out of contact for a week? I get nervous if I have a position still on at the end of Regular Trading while waiting for Globex.