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RE: FUTR DAY: SP500



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Walt,
	If 957 looks good, currently levels must be great!  Yes or no?
							Warm regards,
								Rick

>----------
>From: 	Walt Downs[SMTP:knight@xxxxxxxxxxxx]
>Sent: 	Thursday, October 23, 1997 8:24 AM
>To: 	RealTraders Discussion Group
>Subject: 	FUTR DAY: SP500
>
>Interesting situation in the SP500 and Bonds here:
>
>Bonds up 102
>SP500 -15.00 on the Globex session.
>
>We are about to see some panicking from the shorts, as we near the
>end of the foreign sessions.
>
>I will be looking to be long the SP on any weaknesses.
>
>I don't suppose it will stay down there, but I would love to buy it
>at 957. All kinds of goodies at this level 40 MA suppport,
>50% Fibb retracement value....etc.
>
>Good trading everyone.
>
>Walt Downs
>CIS Trading
>