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<DIV><FONT color=#000000 size=2>FUTR-W.D.GANN USING MEASURED ADVANCES TO PROJECT
TOPS IN DECLINING MARKETS</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Anyone else notice how on S&P's 5 minute
chart we had 3 measured advances all of about the same length into a 62%
retracement of the morning decline? I just recently discovered this gem and
would like to share it with other traders. The first advance (11.90) started at
11:45 and ended at noon. Draw a line from the low to the high. On the next
bottom use a parallel line to project the next top. This nailed the high by
1.10, that's pretty good for an almost 12 pt move. Oh the market wants to go 3
little indians? (Linda Bradford signal) again draw parallel line from low to
project next top which just happens to also be a .618 retracement rally of the
entire mornings decline. </FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Aug 30 13:44:14 1998
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From: Ira <ist@xxxxxx>
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Subject: Re: Food for thought
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I am not an advocate of selling naked calls. the thought of limited
profit and unlimited risk is not a place to be in these volatile times.
If what you believe is true then do a bear spread in the calls and bull
spread in the puts. If only the volatility collapses you collect
about the same amount of premium. If the BP falls out of bed take
in your short put and stay along for the ride. Be careful of the
skew.
<P>Olukunmi Popoola wrote:
<BLOCKQUOTE TYPE=CITE> <FONT COLOR="#000000"><FONT SIZE=-1>In the
light of the spectacular performance of the Pound (hope you were long).
Can we say it is time to sell the Dec 17200 calls.It is 500 points away
at the moment. The volatility is very high and under these circumstances
it is best to be a seller of options. The 295 point gain on the future
can be wiped out in 3 days if the Nikkei does not fall dramatically Sunday
night (Monday morning in Tokyo) at around 180 points premium($1125) is
worth it?</FONT></FONT> <FONT COLOR="#000000"><FONT SIZE=-1>What is
the probability of the Pound giving us another 300 point rise? If this
does not happen volatility will collapse big time and one can easily buy
back the call in 1 week max. and keep a substantial part of the premium.</FONT></FONT> <FONT COLOR="#000000"><FONT SIZE=-1>Comments
please</FONT></FONT> <FONT COLOR="#000000"><FONT SIZE=-1>POP</FONT></FONT> </BLOCKQUOTE>
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</x-html>From ???@??? Sun Aug 30 13:44:17 1998
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From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Trading the S&P Off the Floor
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I have been getting sales literature from a Larry Levin. Has anyone
ever heard of him? Has anyone bought his system? If so what do you think
of it? He sure is high pressure.
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