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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 (88)12/12/1997 1:33:00 PM
From: ratan lal  Respond to of 350
 
Hit 963 and went right down. Did not execute my trade. Oh well. I am calling perfect turns but i need togive MM a .10 profit and place my orders .10 below/above short/long postions.

SP now 959.70. Could have made quick 4 points. Any suggestions anyone

ratan



To: ratan lal who wrote (88)12/12/1997 1:35:00 PM
From: VALUESPEC  Read Replies (1) | Respond to of 350
 
Ratan, you were thinking exactly like me. I shorted the s&p @ 962.60. This is great. The market still looks sick. I wouldn't be surprised if the Dow ends up down 200 pt + on the day, but with this market who knows. That's why I've been so cautious (which is working).

I also bought an oil service stock a short time about (when I went short) @ $ 20.50 (MDCO). This should go back to $ 23 + on the first decent day (will we have).

I may get out of my DELL long at anytime, but DELL is holding up better than most techs. The funds must still buy something. DELL will be one of the few decent tech stock options besides MSFT which is in a little controversy right now.

VS



To: ratan lal who wrote (88)12/12/1997 1:59:00 PM
From: VALUESPEC  Read Replies (1) | Respond to of 350
 
I'm out with just under a two point loss. These markets are crazy so I didn't want to risk being caught in a bull run (are they really that crazy?). I'm out @ 964.30



To: ratan lal who wrote (88)12/12/1997 2:10:00 PM
From: VALUESPEC  Read Replies (3) | Respond to of 350
 
I just shorted two @ 964.60. It will either fall or ralley from here. I think the odds are in favor of falling, but who knows. I will cover in one pt if I'm wrong. I've already got the stop entered @ 965.60

. . . I just got stopped out. It looked like it want to go up.