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

To: SE who wrote (3034)	9/2/1998 8:56:00 AM
From: Patrick Slevin	Respond to of 44573

I think along the same lines. Even the Blue Chips aren't immune. Look at KO, off over 20% since July. Or IBM from '92 to '93, I think it was. Try hanging on for a time against the tide in the futures markets and you are french toast, brother. Nothing wrong with worrying about a trade while it's on. It's when one gets overconfident about a trade that is on that trouble usually starts. Just turned down an offer for a Private Placement on some stock, as a matter of fact. Just two minutes ago. I probably should have taken it but I cannot see myself tying up funds for a year. I have a hard time tying them up for a 15 minute day trade.

To: SE who wrote (3034)	9/2/1998 8:57:00 AM
From: coug	Respond to of 44573

Scott, Good morning to you and all.. I agree with your remarks and I would suppose Mark Haines does too when he says he has a driller that went from 40 to 10.. Water torture, I guess..Another oil service Co.,TMAR, I had in the 20's is now 6-7, I guess that is why I didn't do well in this recent slide,, too jumpy, closed out too quick.. on the short side.. afraid of getting hurt big time.. the E-Minis for me for a while.. BTW, like this down action,, here in the Globex.. sets up a long side if we get a quick dip in the open.. good luck