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

To: Tom Trader who wrote (3101)	9/2/1998 4:33:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

< took it easy today> I guess. I had my moments but I restrained myself because I have to get my house in order. Plus, it was dicey. I thought of the sell at almost the same point but it seemed chancy and would have required my full attention. Tomorrow I have to play golf....but I think it's an up, down, up, failure day. Perhaps ....dare I say it....re-testing the earlier lows of the week. I hope not. Buying puts is too expensive. It's no wonder you are selling calls. VIX levels are from a Vincent Price movie. Perhaps if I can sell an early rally and put in a wide stop I'll be okay.

To: Tom Trader who wrote (3101)	9/3/1998 12:47:00 AM
From: CENTrader	Read Replies (2) \| Respond to of 44573

Tom, How do you "sell short" OEX calls?? Do you mean you bought OEX puts? Regards, Bill

To: Tom Trader who wrote (3101)	9/3/1998 8:38:00 AM
From: SE	Read Replies (2) \| Respond to of 44573

Tom, Missed this yesterday, but it worked again. Between 10:45 and 11:45 the TICK moved from a -200+ to +1000.....1200 points. In the later stages today the SPOO went from a newly established intra-day high of 1015 and gave up 10 points. I am going to have to start watching this for real as it seems to indicate the direction in the later stages of the day. Couple this with other indicators for entry and maybe this will be worthwhile. On the other hand, I still haven't looked at it in detail to really see if it works, but my observations tend in that direction. I wonder what happens in the other direction....say from +1000 to -200 or greater. Do we then have a run in the plus direction of +10 points from a newly established low? Interesting nonetheless. -Scott