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Steve,
ouch, i just woke up, what's up with cocoa. i will definately cover if we
close above 1555.......
p.s. i'm short the spoz(and will stay short ALL day), nasdaq cash tends to
"trend"
nicely. well, i saw ndq cash up 19+ in the first few minutes and has been
TRENDING down ever since. Also, after the first hour of trading was
complete,
the spooz were near the LOWS of theie 1 hour range and having been SLOWLY
going down.........also hopefully more FEAR will creep in and feed on
itself, as cnn headline "dollars and cents" and others will say, well we
were up strongly this morning but
now we are down (they may ever sound concerned/scared).........enjoy the
ride DOWN today..........
gary
----------
> From: Steve Schnake <schnake1@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: S+P divergence, remember.....cocoa
> Date: Wednesday, July 29, 1998 2:34 AM
>
> Yes Gary,
> I too got short cocoa at 1585 after CCU's failed attempts to penetrate
> resistance at 1596, although I'm looking at possibly the 1390-1425 area
for
> a bottom. Anyway I'l keep my SCO's just above my calculated resistance
> levels.
> Good call!
> Good trading!
>
> Steve
>
> ----------
> > p.s. cocoa, looks great on the short side, I'm still short from 1586,
> i'll
> > probably cover in the 1490's by the end of the week, or
> tomorrow......isn't
> > NOT using hind-sight SO much better........(i threw a couple "cocoa
crash
> > coming" out recently to everyone on this e-mail, NOT hindsight, did
> anyone
> > read it...)
> >
> > gary
> > Hawaii
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