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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3260)	1/21/2008 3:57:37 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 6370

FWIW I went long the ESTX future at 3700 sharp off 8.15%, margin selling without stocks to support led it about 1.5% below fair value. I still have the NQ and ES to short if things should haywire in asia. 3700, an obvious target took out an avalance of stops earlier the day. Then the big pressure was gone. Indications of some stocks are at a 3740 open, a good 1.1% up and unchanged to the close. In a week or so it trades at 4000 anyways. Easy money. Money helis are ready to take off in Frankfurt and Seattle. <buyer beware. If stocks face the wrath of panicky individuals who just smell the taste of diminished equity..then the bets are somewhat off. I ll have a beer and return later to check quotes in Korea and Japan...>