Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: steve susko who wrote (425)	5/12/1998 9:43:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

I am interested in thoughts on the following. If the number tomorrow is a good one for the market, many are suggesting a explosion upward. I am beginning to think even if the number is good, we will drop like a stone. Sell the news and what have you. Not to mention after today's last couple of hours....we are probably overbought short-term. Anyway, I see a good number being followed by a small move up-ward, probably not much over 9,200 and then a downward bias the rest of the day. Anything other than a good number and we go down from the get-go. Thoughts???? -Scott

To: steve susko who wrote (425)	5/12/1998 11:36:00 PM
From: Tom Trader	Respond to of 44573

>>Which way are you leaning towards tomorrow? Given that my system is on a buy signal, my clear bias is to trade on the long side from a day trading stand-point. A large gap open in either direction would argue for a day trade in the opposite direction for reasons that I have previously explained on the options thread--again, as a day trade. Beyond this -- let's see what tomorrow brings.