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In a message dated 98-08-21 16:46:19 EDT, you write:
> sometimes you have to go for it though, which i did/am still.......waiting
> on a crash.
> i should of taken profits when we were above 4.00 on the trin thing though,
> oh well.
> next week should be interesting.
After today, I would suspect that a crash in the next day or two is
most unlikely. I daytrade, so I normally don't care about stuff like that,
but on the Daily chart of the S & P futures, today was a huge reversal type
bar to the upside. Also I watch a 135 minute chart of the S&P futures, and
today was again a classic reversal pattern to the upside. Interestingly the
upside stopped right at a 13 bar average I plot on that chart. Key will be if
the S&P futures are above 1090 at 1145 monday. That would be a close above the
average on the first bar of the day. I used to mess with OEX options, and
the thing that is a killer is the premium decay. I wish you the best, in your
position.
Pete
Pete
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