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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (18828)	5/20/1998 6:55:00 PM
From: ratan lal	Respond to of 94695

James If I had read my own e-mail to you, I would have realised how STUPID my action was today. I knew the market is strong. I knew it would go to 1123 from 1119. YET instead of buying the SP8M at 1119 then selling it at 1123 and going short at the same time, I waited for it to reach 1123 so I could short it. So now I am short in a strong market that I predicted. Fortunately, I am short at the top of the market. I may get out in Globex trading if it looks like it will conitnue going up or if it goes down to 1118. I already have an order to buy back at 1118. ratan