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


To: peter n matzke who wrote (15672)2/17/1999 10:32:00 AM
From: ViperChick Secret Agent 006.9  Respond to of 44573
 
here is Ike's opinion
and I can finally understand him for once
although I havent figured out how he is getting the "locals" info

+Options Jerry (23542 )
From: +IQBAL LATIF
Wednesday, Feb 17 1999 9:19AM ET
Reply # of 23545

In my opinion 1232 on SPH will hold we may run some stops as low as 1226 area but I
would presume that someone will be longing as people short on opening, I would like
that NDX selling to be maintained and continous, this is to take out 1910 where we will
hit if NDX stays below this number 1880. My trade will be along with what locals
would do, I would like to take this as an opportunity to see if some trade can be made
out of this at the supports, I will be leaning to long at support at 1928-32 area with a
stop loss at 1907 on NDX, I will trade SPH taking cue from NDX.. if SOX turnaround
282 and moves up from there the market would reverse..