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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 (115)	12/17/1997 7:34:00 AM
From: VALUESPEC	Read Replies (1) \| Respond to of 350

Ratan, I didn't have a chance to follow the market yesterday, though perhaps I could have saved you a couple dollars in the morning with a differing opinion. I thought the market would have an upward bias and then sell-off. I just missed shorting the s&p @ 984.00 yesterday. I wasn't very happy. I'm glad you caught part of the afternoon. I had was managing my MDCO position that grew to a large holding. Yesterday, after making me work the day before, I was able to sell 2/3 of my holding to put me in profit territory again. Hopefully, the oil service stocks have bottomed and I will catch a nice bounce today. I was disappointed I did not make more yesterday. I just missed both a great s&p trade and two stock trades. I've gone up only slightly for the last two days overall. Maybe today will be different. I'm not sure what the s&p will do today. The morning should be up strong, but what about after the initial ralley? Will the ralley hold or sell-off? Oh, I should also have mentioned that I was going to buy an s&p or two last night after Japan announced its stimulous package and the foreign markets rallied strongly. However, my broker was out running an errand and by the time he came back the markets already rose 4 pts ! Now, I'm just watching. I still have MDCO stock and some KELL which I bought @ $ 21.00. MDCO is profitable on anything above $ 19.00. March s&p now 984.70b 984.90a