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looks like i have a new favorite letter ------ "c", and not my old high
school report cards :)
i'm glad on monday i got long and wednesday i got short (NOT hindsight),
see, it's good and profitable to "anticipate the anticipated
anticipation"!!!!!!!!!!
have a great weekend (barron should be interesting too!)
look out below!
gary
hawaii
----------
> From: mitch ryder <ynos@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: [S&P - Oex ...is this a C wave?]
> Date: Friday, August 21, 1998 5:34 AM
>
> Gary in Hawaii and Ewave folks...Read on,
> A big chunck of my cash is in 2 places.....benham 2025 zero's and
ultra
> bear fund (-200% in the s&p) These are legal to do in IRA, Pension and
kids
> trust accounts. (In futures I am long Bonds & SF and short DM.
>
> I do not like to lose money so I avoid options unless....The market is
set to
> go in a given direction very fast with high probability.
>
> This week I stepped into those scary option waters.
>
> Where is the market going?.....My guess is that the market is in a Third
(C)
> wave right now.
>
> The E wave guess is that the high was a B and we are going down for a C.
>
> Now I know that Advanced Get doesn't agree but.....I have looked at many
> 1980's Tbonds charts with this program...where we all have 20/20 hind
sight
> and....well you can see for your self how accurate it is...or isn't.
>
> So if ...if...if we are going down for the C wave (basis weekly charts)
now,
> what is likely to occur in the next few weeks?.....I look at possible
support
> around 900 in the next week or two if we go down there. This would fit in
with
> your Hawii projection. If I get a bounce around there it will suprise the
> pundants...If we go past 890 past the next point that will get my
attention is
> around 855...all basis cash S&P.
>
> Regards
> Mitch
>
>
>
>
>
> owner-realtraders@xxxxxxxxxxxxxx wrote:
> > Hi all,
>
> >
>
> > like i stated the other day, i now have 4, 515 sep oex puts at 7, now
worth
>
> > around 8.
>
> > well tomorrow, when the office opens at 5 a.m. hawaii, 11 am e.s.t. i
will
>
> > deposit enough to buy my 5th 515 put at anyprice, 6,7,8,9 who cares,
>
> > whatever it is when i get there. WHY? because i feel we are going to
450
>
> > or lower before sep 18th, which translates into atleast "65" points in
the
>
> > money times only 5 options, do the math!
>
> > ya, i'm probably too early/impatient and the time value will kick my
butt a
>
> > little if we sit here for a while. it's a chance i'll take. "maybe"
over
>
> > the weekend russia, asia, latin america gets worse. transportations
keep
>
> > going down, and won't it be fun when the dow, and other indexes take
out
>
> > last weeks lows, and CLOSE below the 200 day ma,
>
> > 3rd wave, whatever. I just have a good feeling and i will not ignore
that
>
> > "feeling".
>
> > Hey, last october i shorted at 917 and the next morning we were at 840
in
>
> > the spooz.
>
> > imagine if that margin was in oex puts instead, if "bet" it would of
made
>
> > more money.
>
> > why have i ignored these "stock" options, and dedicated myself solely
to
>
> > futures?
>
> > oh, and no margin call. these 5 oex puts i will have, even if i'm dead
>
> > wrong and they expire worthless, so what. i remember losing that
amount
>
> > day trading the spooz in about 1 or 2 minutes, on MANY occasions !!!
ah,
>
> > the good old days.
>
> > compare and contrast, it's a hell of a lot less stressful!!!
>
> > any comments.........
>
> > gary
>
> > hawaii
>
>
>
>
>
> Mitch Ryder
> Ynos@xxxxxxxxxxxx
>
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