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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 (13397)1/22/1999 11:23:00 AM
From: Brian Hornby  Read Replies (1) | Respond to of 44573
 
Tom,

Are you still long the bonds? I closed out a short put position (124 March) today, at a nice profit. It may go higher, but I am not so confident I want to hold on for expiration. I still am short 122 March puts and I plan to leave those to expire.



To: Tom Trader who wrote (13397)1/22/1999 12:02:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 44573
 
If you get back by 2 you may have a good trade, provided it does not sell off hard first.

I know that's somewhat ambivalent, but it's not an easy read for me today.



To: Tom Trader who wrote (13397)1/22/1999 12:45:00 PM
From: Clay M  Read Replies (2) | Respond to of 44573
 
Looks like you have another winner going on your position short. If you have any interest in what Inger is saying, and he has been fairly accurate lately (he's short from 1278), he thinks it has a chance to rally a bit more this afternoon up to about the 2PM period, and then rollover. He's now on a Crash Alert which is one step worse than a Crash Warning. He's saying that the BKX is looking pretty sick which is bad.



To: Tom Trader who wrote (13397)1/22/1999 1:03:00 PM
From: Patrick Slevin  Respond to of 44573
 
I just had two short trades, one from 36.50 to 34 and the second one is from 35.70;

I think it may bottom out around 1:30 so I may quit at that point.