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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 (15657)2/17/1999 9:25:00 AM
From: jjs_ynot  Read Replies (1) | Respond to of 44573
 
It is possible that as soon as the gap is filled the move back down will start.

You may need to be very quick.



To: Tom Trader who wrote (15657)2/17/1999 9:27:00 AM
From: peter n matzke  Read Replies (1) | Respond to of 44573
 
Tom,

i am still a bull until the end of the month unless 1215 is hit on the spoo, then i will be jumping for any open elevator shaft<g>(i don't expect this to happen)

i am selling my puts this am and buying calls



To: Tom Trader who wrote (15657)2/17/1999 9:29:00 AM
From: SE  Respond to of 44573
 
Tom,

Here but tied up etc.....

I think the buy the gap might be OK, but I am concerned about early weakness. I think later on the trend will be up for the day.

Could be dead wrong, but that is my initial thoughts....

-Scott



To: Tom Trader who wrote (15657)2/17/1999 9:31:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
Tom,

The same fork I've been using....1/4 M-tine still contains the SPX
market nicely.
Upper resistance -- 1275-77
Middle Tine -- 1245±
Lower Tine -- 1215±

There is a 3 day t-projection due for 9:40-45 this morning...

So Look for this reversal time ± eyeballed



To: Tom Trader who wrote (15657)2/17/1999 11:18:00 AM
From: Brian Hornby  Read Replies (1) | Respond to of 44573
 
Tom, Looks like the bond players are getting whipsawed like the SP players..!

What is your bond system doing? My system is still long, though from 125 and change... I can see it at least filling the gap from yesterday and perhaps pushing back up to the low 125s.