Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Patrick Slevin who wrote (42364)	12/17/2000 10:29:37 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 44573

patrick - IB, I can be wrong, but for what I have seen you should open as many accounts as currencies you intend to trade, or foreign indexes you intend to trade. All foreign derivatives are listed in the margins requirements in their own local currency. The other brokers I visited have USD margin requirements for all the products they trade.

To: Patrick Slevin who wrote (42364)	12/17/2000 6:19:56 PM
From: SE	Read Replies (1) \| Respond to of 44573

Tough day to call. Most likely we bounce from here with a low around 9:50 and a late high around 15:35. One way up. If the first point of the day is a low, it is likely to be a one way up day. However, we must be careful in the 10:00 to 10:40 area for signs of a high point. Should that happen we are likely to end up with an A shaped day with a late day low. So if we can get by that area and keep moving up, the one up day will be intact. That being said, being the first day of the week, it is hard to call and two of the days I picked out of my weekly pattern comparison were 8/31/98 and 10/27/97. Both were one way down days, and down hard. So if we open and start down within the first half hour or so, we must be cautious of the possibility of a one way down and possibly a hard one way down. Will have to see how it goes early on in the day to really develop a feel for how the pattern will play out.