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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 (7645)	11/2/1998 12:06:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

I can relate to everything that you are saying There is nothing like a bad patch to erode ones confidence I am looking to go long at about 10-12 This looks so strong at this point that I am wondering about the one half of the OEX calls that I sold naked which are not protected for the most part. The OEX would have to get to about 560 before it hurts me -- and I would never have thought it could get there before options expiration but now I am wondering!! I figure that if the futures gets to about 1130 then the OEX will be at 550 -- and that may hold the upside at that point. Besides Carpino and Don both think that we should start turning down within the next day or so --- hope that they are right. Fred--anything new from Carpino re the cycles and the top of this rally? Patrick--where's Scott--he has not been around in a couple of days.