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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 (7660)	11/2/1998 1:16:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

<it cannot be straight up from this point on -- at some point we should see some kind of sell-off which is when I'd bail out of the calls > I hope so----I will say I am cautiously bullish and I'm looking for follow through until 11:50 EST Tuesday. However, my timing reads going out past any given current day rot as a rule. If I had that much confidence in any read for the following day I would hold overnight----and that is a rare event, for me.

To: Tom Trader who wrote (7660)	11/2/1998 2:11:00 PM
From: Kevin	Read Replies (2) \| Respond to of 44573

>>> at some point we should see some kind of sell-off which is when I'd bail out of the calls because with the time erosion the premiums should lose value rapidly when the market corrects. <<< Hi Tom. I agree. My calcs say that we should find quite a bit of resistance @ 1114-1115 for the SPX. If we don't break that by 3:00, I think we'll sell back off and wash away most of today's gain. How are you? How's everyone else? The day I came back saying that I'd try to post is the same day I broke my right hand (and fractured it 3 other times). Tough night out on the town. Was rear-ended prior to breaking my hand, so my back was pretty torn up for awhile too. Still have a cast on....3 more weeks. Might find out later this week that I need my hand re-set again and have a pin put in. It's a pain typing lefty and working the mouse lefty...that's why I avoid typing if I can. Anyone talking about equities on this thread or strictly index & futures trading? Kevin a.k.a LEFTY (for now)