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


To: coug who wrote (3025)9/1/1998 9:18:00 PM
From: Stoctrash  Read Replies (1) | Respond to of 44573
 
Its crazy to trade....that is for sure. I don't have the nimbleness like Pat or Tom, that's why I do the Rydex thing. Someday I may dabble back into the "pits" but....first I'm trying to walk again before I run. I traded the spoo several years ago, for educational purposes only :0( I didn't know my dick from a tree branch then, and luckily lost out quickly...so at least I wasn't give a beginers luck tour and have it drag on and on for a while.

It seems that these days you can have a 10 point spoo move just for the hell of it!! (btw did anyone notice one of the CNBC guys calling it a spoo today am??)

I think we(the market) may pick a range...say 1120 - 940 and just trade in this area for a week or two. Swing trading it like Inger and you'll make some major dough. The RUT is still in a major Rut so I'm not very bullish till I see that thing get off its but. Same deal for your avg growth funds...check out the IBD Mutal Fund index...that thing has gotten spanked and that's telling you something!@!!!

My stuff is VERY over sold right now...so we should at least tread some water here for a few days....and hopefully long enough for me to get short again.