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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 (8300)	11/11/1998 10:13:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

I am thinking a price in mind....say about 32.00 or better. I don't know about the gap getting filled, but will wait to see. I, like you, expect an entry in the next hour. I am planning on going long in the low 30's and looking for a move to mid 40's. I think the last couple of days have pretty much worn out the sellers and we are ready for a siginicant move higher over the next couple of days. The INTC news worked out great. Short the gap opening and plan to reverse. I did not do it, but watched it with great interest. I don't have the intrady NYSE ADV/DEC, yet, just my overall market ADV/DEC. My end of the day numbers are the NYSE. In any event, the early numbers look good and bode well for the ADV/DEC numbers. Should push this rally out a couple of days I would think before we can start thinking any pull-back of substance. Of course, that theory might be changed in a day or two as the numbers come in, but that is my read this morning. -Scott PS - Right now my short term stuff is on a sell with the sell point being right now at 38.00. This next move down should take us to the 35.00 range unless it is stronger than normal, in which case 32 to 34 is not out of the question.

To: Patrick Slevin who wrote (8300)	11/11/1998 10:48:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

Getting to be about that time. Looks like the gap will be filled. Unreal. Something so obvious, yet it works. So do they blow by 28 or so just to run a few stops....or is it going straight back up? EDIT - -30 TIKI a few minutes ago. That will at least halt the decline for a bit. Might be the turning point. Looking to get long now for sure....

To: Patrick Slevin who wrote (8300)	11/11/1998 11:01:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Too many problems with SI access so I am not going to participate today unless things improve considerably. I did not short right after the open at 40-42, but did short at 39+ when it began to weaken--tried to post this just after entering the trade. Am still short and looking to reverse and go long soon--around 28-29. If it breaks the 27 level, I'd say that the way to play this would be on the short side -- on any bounce thereafter. Been trying to post this for a while now--it's trading at 30+ right now and unless this posts soon I may even be able to let you know if I reversed to the long side. Well, I've had it with SI for this am, at least--good luck to everyone I see that my inbox has several messages but I can't access it so my apologies to anyone who has posted me and is expecting a response.