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


To: Stoctrash who wrote (7342)10/27/1998 3:20:00 PM
From: Tom Trader  Respond to of 44573
 
Fred -- break below 1353

Busy trying to get fills on a couple of OEX trades now that I got the sell signal



To: Stoctrash who wrote (7342)10/27/1998 4:10:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 44573
 
BTW Fred, I have never tested the system against the NDX to see how well it does--though I suspect that it does fine.

I keep a tab on these numbers for various indices because it gives me a lot more confidence to short OEX options if the sell signal in the spoos is confirmed some other indices. For example today, the BKX was the first one to give a sell signal and then much later the OEX followed and then the spoos and finally the SPX and the SOX.

The fact that the NDX and NAZ did not confirm caused me to be somewhat cautious in shorting the OEX calls.

Talk to you guys tomorrow

Hope that Carpino is right about tomorrow and that it is not the start of a rally as opposed to a sell-off