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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (15353)	2/12/1999 8:53:00 AM
From: SE	Read Replies (2) \| Respond to of 44573

Looks like we might have a nice buy on the open for the closing of the gap. Hope it stays down here.... -scott

To: SE who wrote (15353)	2/12/1999 9:21:00 AM
From: Tom Trader	Read Replies (3) \| Respond to of 44573

Morning Scott and all My system will go short at quite a bit below your level which I suspect will get hit in the first hour of trading. The bonds have broken down badly -- I exited my long postion on the globex at 123 24, taking a fairly good hit on the trade. I am looking to buy this gap on the spoo -- aiming for the 1249-1250 level. Have not placed an order yet -- and will likely wait to see how it behaves after it opens. The fly in the ointment is the bond market -- which is now in a clear down-trend. I don't see how the stocks can rally in a pronounced way while interest rates continue to rise.