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

To: TradeOfTheDay who wrote (4845)	9/29/1998 3:37:00 PM
From: Nemer	Read Replies (2) \| Respond to of 44573

Thanks Bev ---- While I'm on a roll ------ watch the last ten minutes for an attempt for balancing of accounts by some of the big players on the SPX and OEX ...... this is not to insinuate that I know any big players, ( 'cept for the crap game in the room behind the barber shop downtown where I know "all " the big players ).......... gggg My read of this entire two days has been one of sizable unease on the part of the large money ----- they have made hedge bets on both sides of market reaction to Greenspan ---- the past 40 minutes have seen some nice sweeping moves up and down, but with a predominance of upward bias ..... (as I said in my previous post --- in hindsight I should have set my stop MUCH closer to initiation point of 1040 than to have set it at 1043) the SPX is driving higher to high of the day right now and motion is strong currently trading @ 1056 BUT the last 10 -15 minutes will see some closing out of losing and profit making positions ......... again, that's what I read ....... Regards ---- Nemer edit --- in response to a question about the time frame of "the last 10 minutes" I meant the last 10 of the NYSE and NAZ, not the last 10 of the option market ....... so I'll attempt to make it more clear next time but this time I meant 3:50 pm EST to 4 pm EST ( more or less ..... gggg)