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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 (6804)	10/20/1998 10:00:00 AM
From: coug	Read Replies (1) \| Respond to of 44573

Good morning Tom, I would like to ask you a question.. I have seen you mention that Iqbal has pit sources that say they want to run the spoos to 1130. Is this the locals? Do the have the muscle? or is this BS talk to suck in a few longs? Since the closest Ive been to the "pit", is the airport, I don't have a clue. Thanks, P.S. Still on long sig, still on sidelines.. have to jump in long, on pull back I guess

To: Tom Trader who wrote (6804)	10/20/1998 12:24:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

Tom, Thanks. I agree with you, if the desk on the floor is calling around with available stock to short, I'd call that a buy signal. I think they just want to make a market. There is a point where I'd close out my longs but not short, or I may SAR if the signal comes first, but I don't see it yet. Based on today's action, so far, the advance decline for tomorrow would have to be a negative 3000 or better, not likely. It's like my stop is out of range for tomorrow. I may very well remain long through the next pull back as long as the signal remains intact. These signals can go for months at a time, and this appears to be a valid signal which portends an extended rally in the forthcoming weeks. I might have gotten lucky with my short bond positions, we'll see. GZ