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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 (9947)	12/10/1998 12:13:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Between you and Pat, I cannot keep myself honest! I was looking for a short and Pat says be careful, might spike higher. Now I am looking for a long and you say you just went short....probably along with GZ! How can I keep myself straight! <<gg>> -Scott

To: Tom Trader who wrote (9947)	12/10/1998 12:18:00 PM
From: Brian Hornby	Respond to of 44573

Congratulations - as I recall you shorted the OEX puts when the OEX was 10 points or so lower. Also the time decay must be tremendous for them. I am looking to sell some OTM calls to balance my short put position. The puts are deep OTM and I don't plan to cover unless we break well below 1140. I would be interested to hear when you do initiate your short call position, thanks very much. My feelings are to look for a bounce, and hopefully a spike up, as well.

To: Tom Trader who wrote (9947)	12/10/1998 12:27:00 PM
From: Chip McVickar	Respond to of 44573

Tom - Scott, On the SPX Fork off the opening-spread before noon took the time projection nicely for a move up Little short bounce off the upper tine and heading up for one extension and bounced off that Lets see how long this move off 1170 will last, but it looks to be a weak move so far. See Ya Chip edit 12:38 following the extended tine down