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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 (15748)	2/17/1999 3:37:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

TT bought the MAR 130 puts on INTC...the SPX just broke a double bottom at 1225, heading to 1210...at 1205 we go to 1180-90...

To: Tom Trader who wrote (15748)	2/17/1999 4:35:00 PM
From: Clay M	Respond to of 44573

After horsing around with a couple of longs and shorts earlier, Inger positioned himself pretty well with a short at 1252 which he is carrying overnight with no stop. He's very bearish over the intermediate term, although he allows for a few rallies, he sees a decline in stairstep fashion and doesn't think 1180 will hold. I was a little too antsy in covering my short earlier, should have waited, but can't be greedy. Good luck on your new system signal. There sure are a lot of reasons for this market to go down. Talk to you tomorrow.

To: Tom Trader who wrote (15748)	2/17/1999 4:52:00 PM
From: peter n matzke	Read Replies (1) \| Respond to of 44573

i'm not sure whether i should be happy or sad about todays Q chart problem, i never ended up selling my puts in the morning (ended up getting the low of the day according to dreyfus about 3:50pm), tried to buy calls near the close but did not get filled. so i am flat the oex going into thursday. breaking 1215 on the spoo turns me into a bear, otherwise the bull is still on. since i don't watch the spoo directly(spx + prem), if someone would be so kind as to hit me over the head if 1215 is reached, i would really appreciate it. Thanks