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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 (10326)	12/15/1998 11:42:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

Pat i was just looking at the DJX...to trade options...is that what you were trading???, or was it the futures... the Dec 89 puts right now are 2 1/16...thinking we rally to that level.. the Jan's 89's puts are 3 1/2...could be just a nice positional trade, based on my read of the selloff, we would go down to 8350... i'm assuming 1 point for every 100 point move in the DOW... this is a slow moving and very sorta safe index to trade...

To: Patrick Slevin who wrote (10326)	12/15/1998 11:42:00 AM
From: SE	Read Replies (2) \| Respond to of 44573

Looks to me like a short setting up. I got a bearish TICK and MACD divergence. Not sure where the resistance is that should be shorted, but if I add 12 to the old 1155 on the Dec contract, maybe mid to upper 60's.....67 for a short anyone?

To: Patrick Slevin who wrote (10326)	12/15/1998 11:46:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

I am now short at 62+ for a day trade The SOX has given a buy signal and some of the other indices are within striking distance of a buy signal Continued strength would actually cause my system to go long today -- I will take the signal but it is one of these signals that I feel real uncomfortable about, especially ahead of the impeachment vote --- on the other hand, these are the type of signals that seem to have a habit of being really good ones.