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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (723)	10/18/2000 12:00:34 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 8925

Hey Chipper whats the current read here??? heck you said 3500 was toast<G>...

To: Chip McVickar who wrote (723)	10/18/2000 12:02:42 PM
From: Patrick Slevin	Respond to of 8925

Nope, last time I saw PBS I watched the Play with Nathan Lane in it, "The Man Who Came to Dinner". Saw that bounce setting up on the SP, nice trade. I could not deal with it, as the Swiss Franc was giving me agida. I figured the High/Low for the SF would be 57^28ish and 56^58ish. So as it crested 57^30 I sold 57^28, watched it go to 57^40 then down into the 56^90s then back to around 57^17. I decided 56^88 would be all I could stand. So once it inched to 56^88 I took the 40 points and watched it flash down to 56^00 for a range of 140 points. Meanwhile, the money may have been doing a flight to quality into the Canadian Dollar for all I know, as the Canadian buck ran up from the 65^80s almost to where I sold at 66^10. As I recall, I started trading currencies to avoid the swings you see in the SP and ND. Yeesh. Nice posturing on the US; I'm out now but looking to re-enter, today if possible below 100. I'd really like ^23 but that may be a pipe dream. You know how I feel about double tops, but the one at 100^28 is a minor one, if that is what you are referring to; the ticks were only a minute apart. Sorry I missed what seems to have been the obvious trade on the SP; had I entered that trade as well as the others they may have had to carry me out of here in a straitjacket however. Glad you caught it.