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To: Patrick Slevin who wrote (453)4/3/1999 10:09:00 PM
From: SE  Read Replies (1) | Respond to of 548
 
Squided bigtime on the other thread, but it posts here just fine. Well, people will have to hunt it down I guess.....not that it is worth it....

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Did a little looking at the SPX tonight. I would be real surprised if we trade much over 1322.50 SPX. I think the goose is cooked. We broke a larger upsloping fork and I think the next fork to dictate movement is the 1/8/98 HIGH bisecting the end of Feb low and the mid March high. That fork has its upper tine at about 1322.50. So that would put the SPOO at about 1335 and then lights out.

If we get there that is....

OJ and I will not bother with such a small move as that and will simply hold our paper shorts through the whole mess waiting for much larger gains to come our way on the downside. You voodoo types can play the day swings if you want, but OJ and I are simply going for the throat. Nice and easy...put the trade on and let it work.....

Besides, if we go to 1400 or something higher than that, OJ will have to foot the margin anyway.....I had my name removed from the account.