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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 (2657)	8/27/1998 11:29:00 AM
From: The Jedi	Read Replies (2) \| Respond to of 44573

I chickened out early and left 3 points on the table (but with options in fast market there is nothing one could do unless you are on the floor yourself). Will wait for a retest of 1060 to get in. Have to look at NDX puts cause NDX has 200MA near 1175. It just cannot hold on its own. CCI may be good for puts, next stop 110. I was holding Oct 155 puts on CCI when it was at 160 and got out of those at 140. I think part of the problem is that I have never experienced a decline of this nature so cannot really assess how low these things can go. And at times when I think it should go lower it just does a reverse on me. I remember in Jan I was shouting for OSX to keep falling but somewhere in Mar it looked like a bottom was about to be made but actually a plateau was forming and then a selloff started all over again. Few days ago looking at INTC I was tellin Judy that it was time for puts for INTC to make a trip towards 65. When this stabilizes a little next week then I will go for them. The pits must be getting killed as somebody reported they were looking to push this up yesterday. We shall see. 1060 is battle royale. Kiri