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


To: donald sew who wrote (6000)10/9/1998 10:17:00 AM
From: Jerry Olson  Read Replies (2) | Respond to of 44573
 
Donny

what's with the BUBBLE today<gggggg> ????

markets are really very nuts....right now......whew!!!!



To: donald sew who wrote (6000)10/9/1998 10:57:00 AM
From: Tom Trader  Respond to of 44573
 
Hi Don, I stepped out for a few minutes and all hell seems to have broken loose.

Anyway, your momo indicator seems to be working well.

I have not changed any of the postions that I have--as I posted yesterday--at this point, even if I left everything in place to expiry, I'd still be well ahead--though what I'd prefer to do is to close out the legs of the spread in a way that would maximize my profits.

If the futures take out 942 today it would represent another short-term trend change. BTW, as a point of clarification, this, and the 956 level yesterday, has nothing to do with the system signals that I have posted--someone asked me about this in a private communication. As far as my system is concerned it is on a sell signal, though I am flat at this point.