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


To: Leland Charon who wrote (1598)7/23/1998 11:02:00 AM
From: Kevin  Read Replies (2) | Respond to of 44573
 
Hey Leland, how are you?
FYI, I went short when the SPX broke below 1162.07 this morning.
Bought OEX 565 puts @ 10 3/4

Will get back to you privately about baseball around lunch.



To: Leland Charon who wrote (1598)7/23/1998 11:22:00 AM
From: Patrick Slevin  Respond to of 44573
 
I have not done a blessed thing.

I think I may put out a sell-stop for a couple around 65 and wait. It's been too choppy for me. Either that or I'm having a tough time focusing.

On the one hand I sense a rebound and on the other I wish not to miss a scenario where the bottom falls out quickly. When I'm indecisive I cannot trade.

Hmm....heading for the low 66 range....gotta go for a bit.



To: Leland Charon who wrote (1598)7/23/1998 11:35:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
The declining tops pattern is screaming at me to sell into but I have a nagging feeling it's a mistake.

If I miss it it's not the end of the world. It just the psychology of it bugs me. Everyone that was calling out for major upside a week or two ago are warning of Doom and Gloom now, or so it appears.

That in and of itself means little but I am in lock right now. Can't sell, won't go long.

Have you tried anything yet?