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Strategies & Market Trends : Trading SPY and DIA for Fun & Profit -- Ignore unavailable to you. Want to Upgrade?

To: james h. snyder who wrote (76)	11/15/1998 1:24:00 PM
From: Dale Baker	Respond to of 130

Please don't follow my lead - I will post what I decide to do and why, but I can only live with the consequences of my own trades, not others. If the futures are mildly down before the open and general world business news looks grim - and especially depending on what happens in Iraq, I may start a small position. I won't short at the open if the futures are way down. I would also wait if the futures are up and it looks like a SPY short could be started over 115. Still think the target is low 100's, which makes this a good play. I would also keep a tight stop through the FOMC meeting Tuesday. I use E*Trade. They are OK most of the time if you don't need lightning fast executions and trade reports. They were late with a market order last week and cost me a few bucks, but that is one of the few egregious errors they have made so far. Still trying to argue with them there. Maybe we can revive this thread after all.