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

To: Patrick Slevin who wrote (4830)	9/29/1998 2:28:00 PM
From: Nemer	Read Replies (2) \| Respond to of 44573

======>Now THIS, is a fast market. Kool, eh? Just went long SPX @ 1040 let's see if I'm right ....... edit ---- ok, I'm right VERY VERY short term ..... the damg spread on the OEX looks as if I'm gonna have to get at least 3 points on SPX to break even .......... I knew this was possible but what the heck ........ the devil made me join in and I couldn't help myself ...... SPX currently @ 1046 and I'm looking for at least 1048 ....... sold half and set stop for 1043 ....... ////// coug and I agreed with the sell down and the updraft ...... I felt that it would occur no matter what the announcement was ----short of 75 basis points and I'm not too sure but what the INITIAL impact even then wouldn't have been a downdraft