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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: Jay Lyons who wrote (1053)9/7/1998 11:08:00 AM
From: Gary Korn  Read Replies (2) | Respond to of 7382
 
GLOBEX PRICES AS OF 09/07/98 09:28 AM TRADE DATE: 09/08/98

CONTRACT LAST NET CHGE CONTRACT LAST NET CHGE
S&P 500 SEP98 995.50 +1950 EURO $ SEP98 94.442 -1.7
E-MINI SEP98 995.75 +1975 DEC98 94.665 +3
DEC98 1002.25B +1650 MAR99 94.86 +5.5
NSDQ100 SEP98 1231.90 +2715 JUN99 94.875 +6
GSCI OCT98 146.00P ---- SEP99 94.87 +6.5
DEC99 94.72 +7

Looks like a substantial up-move on Tuesday, if the futures
are any indication. That's great for long-term positions (I
own some), but I always find it easier to day-trade a market
that is not going straight in one direction.

That is, in a strong up-market, INTC and CSCO likely will have
gap-up openings. Say, INTC (which closed at 78ish) opens at 81.
Now what do you do? A lot of the day's gain has already been
squeezed out of the stock before a trade is possible.

Anyone have any suggestions as to how to play this kind of market?

Gary Korn