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

To: VALUESPEC who wrote (79)	12/12/1997 11:59:00 AM
From: ratan lal	Respond to of 350

Value another good timing. I was watching and hoping to short at 970. but it turned around from 969.70. by the time i saw your post it was alreadya t 967. Its now at 966 and i see it going up from here. What do you expect?? ratan

To: VALUESPEC who wrote (79)	12/12/1997 12:03:00 PM
From: VALUESPEC	Read Replies (1) \| Respond to of 350

I'm glad my report is being appreciated. I didn't really expect it to gain much attention, but I'm glad if the reading is interesting :o) Ratan, it is a shame you missed the short this morning. Maybe next trade? Your support number is holding @ 966. I sold covered the short I just made when IBM started to go back above $ 99, briefly. Apparently, everyone else had the same idea. If I had known my market would have been filled so high, I wouldn't have put the order in. I think I got the brief, high tick. Filled @ 977.40. That was quite disappointing. I almost shorted immediately, but I didn't and it dropped really fast (maybe I would have had the low tick that time!) Here it goes again. Big Blue is making new lows. Down to 98.50b IBM could sell off another 2 pts easily. EPS, net of sharebuybacks and tax breaks, are hardly growing. Coupled with curency and asian exposure and recent downgrades . . .