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This sounds like 8 x 50 = 400 points or $100,000 risk to me. Now that's a
real trade!
Larry Lewis
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From: "Warren Goldstein" (reply to:
wgoldstein@xxxxxxxxxxxxx)[SMTP:wgoldstein@xxxxxxxxxxxxx (MIME) (actually
from: owner-realtraders@xxxxxxxxxxxxxx)]
Sent: Monday, April 06, 1998 7:09 PM
To: realtraders
Subject: FUT: S+P Trade
Hi RTers,
I am a technical trader, using chaos theory and a timing method derived
from Welles Wilder's Delta Phenomenon.
My timing indicator suggests a large sell-off in the S+P over the next
few
weeks, probably ending on or about May 12.
Chaos theory suggests a decline to the 1055 zone, basis June futures.
I went short today when the S+P, after making a new high, fell into
negative territory. I was filled at an average of 1134.50 on 50 lots. My
stop is at 1142.40, 1 tick over today's high.
We'll see if I'm right on this one. It's only 8.00 points risk (plus
slippage and commission) if I'm wrong.
Warren
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