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


To: John Pitera who wrote (32637)9/3/1999 9:25:00 AM
From: GROUND ZERO™  Read Replies (3) | Respond to of 44573
 
The coming three day weekend I construe as bullish...

GZ



To: John Pitera who wrote (32637)9/3/1999 9:27:00 AM
From: Nemer  Read Replies (1) | Respond to of 44573
 
Wish you'd not reminded me of the Labor Day 97 ....

I don't recall that it went up on Tuesday too much (now I'm going to have to go look) ...
but I ended my overnighters that weekend ...

I had hit a pretty good lick on some stock or whatever and had a fairly good size pile of profit and decided to make a killing or lose it all ... but anyway I bought 100 out of the money calls Tues, 100 on Wed, 200 on Thurs, and 300 on Fri ...
all were underwater and sinking more and I kept "knowing" there was a big rally coming ....

Seems that Tuesday rally you remember didn't help me that much for I recall I decided to quit the overnighters then and there and haven't carried a position on indexes (calls, puts, or futures) overnight since then that I can remember .....

Heck, you have spoiled my day ........ LOL

now I'm going to go look up my books and a chart from then .... laughing all the way ...
for it has really saved me money in the long run .....