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

To: nicewatch who wrote (9740)	12/8/1998 9:01:00 AM
From: SE	Respond to of 44573

IKE's view of the SPOOs. -Scott -------------- That I have rarely done, even that temptation has never occurred to me, I am now inclined to see what happens at today's 1192 level, we can see some good 1200 test but 1180 will be tested once or twice for sanctity of the support, if we have good few tests during the course of week we shall be alright and move to that higher 1230-1250 objective but if we break 1180 we go lower, yesterday even pits were shorting at 1185 although I did not agree and maintained a disciplined approach, they all think that a move form here up would be explosive but mired with danger, this level for me is OK where my cost basis are low but new entrants no- taking profits -yes- if 1150 is taken out one can take profits on options, we will always see a chance to reestablish at some where lower.