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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (1836)	2/27/2002 2:48:40 PM
From: Susan G	Respond to of 11288

bearflag breaking on 15 min now

To: the-phoenix who wrote (1836)	2/27/2002 2:50:31 PM
From: SE	Read Replies (1) \| Respond to of 11288

LOL! As Nemer would say, Sudden Ass Reverse. Or Sell and Reverse or ....I dunno. What it means is that if you are long one, and you SAR it, you sell two so that you end up short one. Switched your position. Right now I am looking pretty stupid for SARing. Been that kind of day. Had the right call and got myopic trying to catch these intraday moves. Very silly of me as that is not my strength. Come on and bounce!!! Sheesh, 11 looks like a lifetime away now.

To: the-phoenix who wrote (1836)	2/27/2002 2:58:15 PM
From: Nemer	Read Replies (2) \| Respond to of 11288

SAR = close out the position ... no matter it be long OR short and go the OTHER way ... for example .... in my semi pos dealie I've posted about ... before I had a chance to do anything AFTER moving the stoppper (mistake there too .. moving it down .. I know better ...ggg) anyway ... I set up a SAR at that point .... 1110 automatic sell of TWO contracts there ... effectively closing out the one contact long and putting me one contract short ... my terminology for the SAR is "sudden a$$ reverse" ... to tell the truth, I've forgotten the exact meaning for which it stands ..but all my brokers know what it means ..... "get me OUT and get me the OTHER side" ....gggg so .. as of right now ... my semi pos dealie closed out the long from 1088 at 1110 and has a new position short at 1110 with stopper (NOT a SAR stopper this time, tho .. just a close out stopper) set at 1112 ..... which , btw ... I have now moved to 1109. insuring a wee bit of profit ... sorry to be a tad late on the new post .... but, the door bell rang, and the fellow from the garage had delivered my old pickinuptruck .... the radiator had to be replaced ... and, as he was most likely on the clock .. I took him back to his shop ...