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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 (13905)1/27/1999 2:41:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
Well the DJIA broke off a support...that's nice
And the SPX is following....that's nice long from 1250spx [paper]

Look for 3:00±.....
This is a big interday spread off the morning spike
Depending what happens at that point it maybe the top for this after noon.



To: Tom Trader who wrote (13905)1/27/1999 2:43:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
62 is a real tough nut to crack....if it gets back there that might be the spot to short it...however, I am beginning to think that we are going to go higher, not lower. Reason is the TICK has been negative most the day and the spoo is holding its own. One of two things is going to happen....either the TICK improves and we go quite a bit higher by the close, or the TICK starts to drop and we tank. I am beginning to think higher....just because we haven't tanked yet.



To: Tom Trader who wrote (13905)1/27/1999 2:47:00 PM
From: Patrick Slevin  Respond to of 44573
 
I'm furious at myself for answering the phone when I was analyzing a short sale early this morning. I'm certain I would have taken off a large piece of that 17 points and been able to take the rest of the day off instead of beating my head into a wall.

I have a new rule added to my existing ones; I'm not answering the phone if they do not have a Caller ID set up. Not when I'm looking at a trade, anyway.

She wanted to buy some stock called Coyote. I must have told her 10 times to call me before 9:00 and she keeps thinking I mean after 9 o'clock....and it's always between 9:30 and 10 when everything is setting up.

Ah, it's not your problem. I just hate it when I have something knocked and something like that screws me up. For some piece of **** NASDAQ junk.

Anyway, I'm wearing out, obviously. Unless this short starts beating the drums by 3:15 I'm just going to buy for the Net Model position and get the hell out of here.



To: Tom Trader who wrote (13905)1/27/1999 3:37:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 44573
 
Closed at 52.50;

Sorry about letting loose before, I was really ticked off.

I'm going to buy 2/3 of a position for the Net set up later and flesh in the last third tomorrow.

I'm gone, have a good day.