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Strategies & Market Trends : S&P Index Futures (Daytrading SP) -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (66)	12/11/1997 7:37:00 AM
From: VALUESPEC	Respond to of 350

Yes, I see the markets are down, but not as much as one might expect. This is a crazy market with a lot of retirement money going into it. I'm not sure if it is possible to break this bull market. Something would have to get people to cancel their payroll deductions going to the retirement accounts, I guess, before we can have a sustained drop. S&P is now down 9.9 pts to 960.60 I'm still short, but I'd like to be short more than one, but the UK is still too strong. That may indicate that buying will come into the US markets early on any dips. Humm, maybe I'll go long a little later . . . of course, I've got to get out of this trade first. I'll be disappointed if I don't get at least 960 for it, but to have any size winning trade would be nice. Bonds are up 7 pts again. Everyone is buying US bonds for safety. I'll be keeping an eye on that, too.

To: ratan lal who wrote (66)	12/11/1997 9:09:00 AM
From: VALUESPEC	Respond to of 350

AOL MarketDay Open Thurs., Dec. 11_______________ Live Market Commentary from Briefing.com 08:45 ET: And the beat goes on... Notable weakness in Asian markets last night with South Korean woes reverberating throughout the region... Kospi Index fell 5.7% as the won fell its 10% limit against the dollar for the third day... Nikkei dropped 2.6% while the Hang Seng plunged 5.5%... Closer to home, stocks are headed south at the open... S&P futures contract just off of its lows of the morning right now, and is -10.20 which suggests an 85-90 point decline in the Dow in early trading... Tech freefall will continue with Quantum and Kulicke & Soffa the newest entrants into the earnings warning circle... 30-yr bond +19/32 to yield 6.03% as flight-to-quality trade re-emerges... Also drawing support from a weaker than expected 0.2% gain in retail sales for November when the market was expecting a 0.5% increase.

To: ratan lal who wrote (66)	12/11/1997 9:15:00 AM
From: VALUESPEC	Read Replies (1) \| Respond to of 350

I'm still short one s&p. This market is zipping around. I will probably only hold for a brief period this morning or should I cover now? Yeah, I'll try to cover now. Ooops, too late. The night session is closed.

To: ratan lal who wrote (66)	12/11/1997 10:44:00 AM
From: VALUESPEC	Read Replies (1) \| Respond to of 350

I covered my short around 960.50. I'm still waiting for my fill so I'm not sure exactly where I'm filled. I still expect this market to go lower, but who knows. I decided to cash in some chips and relax a little. Maybe I'll look for a beat up small-cap to trade. I will probably short the s&p, again, on any significant ralley- even though I wouldn't be surprised if we already saw the "ralley". dow -85.04 dec s&p 962.00 I'm going to be trading March s&p's from here on. You can't get the proper fills on Dec now since the leading month has changed to Mar.