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

To: Nemer who wrote (2904)8/31/1998 11:52:00 PM
From: j g cordes  Respond to of 44573
 
Futures now up 23. Wild volatility. If it sticks, then after being down 500 points we'll be up 250 on the open



To: Nemer who wrote (2904)9/1/1998 12:51:00 AM
From: Patrick Slevin  Respond to of 44573
 
<the best part of 20 minutes to compose, post, repost, repost, repost, repost ....... etc.>

Yes, a pain in the neck.I'm betting Globex does not break 990 or so then fails.

My alternative is to cover and sell 1000 but I wish to see how much they got through the evening.

Globex seems quite confident. Me, I'm not so sure a rally won't be sold in the AM.



To: Nemer who wrote (2904)9/1/1998 8:10:00 AM
From: Patrick Slevin  Respond to of 44573
 
I may have to try to get out of this at a breakeven or small loss.

Now at 978

There is an interesting comment by Larry McMillan today. He notes the day after the 1987 debacle the Fed lowered and the market gapped open about 200 points. But by noon it was down and in free-fall.

So perhaps that should be a clue to me to back off and wait.


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