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<DIV><FONT size=2>I have an account with a certain brokerage that due to
software/server problems has a habit of placing fills in different accounts. It
happened once prior, it was fixed. I came back from a week vacation to find out
that one of my fills is missing from their computers and I have a position still
open with a huge loss. One of my associates had the same problem the same day. I
have also talked to a number of their clients that have also had many misplaced
fills. I brought their attention to it as soon as I discovered the
error.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>I am a daytrader, strictly daytrading. Should it have raised a
flag with them that the account had a position over night? Over a weekend?
Should they have tried to contact me?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>I have proof that my order (market) was sent in. I use
electronic execution on their own software, which is risky of course, I
know.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>I used their software to check my fills and positions to make
sure I was flat that day and I was. My exit trade was confirmed, but since their
software will not allow you to print out the confirmation I don't have a hard
copy of it. </FONT><FONT size=2>I also have a witness for that whole day.
Software showed I was flat before I left on vacation.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>They are showing that I held a long S&P position long
while the market was tanking and I was on vacation. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>My thinking is: They misplaced my fill (position close) into
someone else's account. That person did not report that he had a trade that did
not belong to him and took profits after market tanked. My account was left
with a large loss and they are trying to make me pay for it.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Their system does involve a human, not direct access all
electronic system. Human error?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>It is obvious that it is their error. They are claiming that
first, it was a week ago and there is nothing they can do about it, "Traders at
the pit have to accept fills no matter if they placed the order or not", it is
an electronic system/has faults/not their problem. They have been unable to
prove that I never sent the order in, or that they confirmed the order or the
execution.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>My "expertise" is in stocks, not futures, therefore I reserve
the right to ask stupid questions. Any suggestions?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Not looking for any smart a%% replies or people shaking
fingers PLEASE!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>########################<BR>Shay Horowitz<BR><A
href="http://www.teamzeus.com";>www.teamzeus.com</A><BR><A
href="http://www.zeus-holdings.com";>www.zeus-holdings.com</A><BR>########################</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed May 05 14:13:06 1999
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Date: Thu, 06 May 1999 16:53:23 -0400
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From: "G.John Boggio" <boggio@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Is the Bell Ready to Toll ?
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Realtraders,
Due to listserver problems, you may receive this message more than once.
Sorry,
John Boggio
Bottrader,
I would tend to agree with your analysis. Personally, I have been
freeing up a lot of cash going into this first week of May time frame.
Today, Thursday, may also be interesting especially since Greenspan will be
talking around 9:30am et. IMO, if he does not say anything about a change
in bias, and we get a favorable employment report tomorrow, this market
will rally. However, if he indicates a change, and the report tomorrow is
bearish, my first support is 1290-1300 on the S&P Cash. With further
declines down to 1200. If you look at a daily chart of this index, you
will probably agree that such a decline is simply a 38% retracement of the
October '98 low to the current high....not to big of a deal, in technical
terms.
Finally, when I look at the weekly charts, even greater declines appear
more reasonable. I do not know if you where around when I was presenting
my SymWave Analysis to the group last year but based on this analysis, we
have had several declines in the magnitude of 20% since the 1990 original
wave. At present, this wave structure is overextended and failure is
immanent. In this case, a decline of greater than 25% (which includes the
leeway) would break us out of this wave structure. Unfortunately, the next
larger wave is the 1987 decline. And as you probably already know, that
decline measured approximately 38% +/-7.5%. In which case a decline into
the low 900's on the Cash Index would result. Finally, take a look at the
October low....it bottomed at 920 and thus will add confluence supporting
characteristics. But let's not get ahead of ourselves....what we need to
follow is the next 24 hours (Greenspan & the employment report).
Just my thoughts,
John Boggio
At 12:46 AM 5/6/99 EDT, you wrote:
>For the near to medium term, serious clouds are gathering over US bonds &
>stock indexes.... further complicated because the two markets can be so
>closely linked.
>Although I trade in intra-day timeframes, I like to look at the "outlook
>scenarios" for the next few weeks or months so that I'm less surprised when
>something significant shakes the market either way.
>1) BONDS: a) virtually all my very short term early warning signals are
>negative. b) my bond system concensus went from mildly bullish to early
>bearish the last week of April c) we're sitting on important post-October
>low d) It doesn't look like the commercials will help insofar as they
appear
>to be going net short as of the last COT
>e) Friday is probably the key..... watch this employment report real close,
>see below.
>
>2) STOCK INDEXES: a) IMO, rallied from early March largely on the global
>bond rally and, conversely are now seriously threatened by the scenario
above
> b) we now see virtually ALL stock indexes at what look like Elliott wave 5
>tops in important resistance zones (not the least of which are GET mob
levels
>above ALL major indexes) c) OTC & RUT are sitting on up-trending support,
>very precarious... S&P is near it's uptrending support also. the DJT, DJU,
>and DJIA are still somewhat above support. d) While my very early warning
>signals in stocks are mildly positive, it would only take one broad down day
>to wash alot of them out and e) my system consensus has never been strong
on
>this march to present upleg..... never getting much above 60%.
>
>SO, my strategy now: Focus On Friday...... 1) The Employment report is
>HUGELY bullish ( Unemp rate increases a couple decimal points, payrolls go
>down, etc.) THEN, the bond bottom is probably in for awhile, stocks
>continue to group rotate but build some kind of base..... 2) Employment
>report is at all bearish: bonds break support decisively, all markets
>around the world worry, and we head into a decline of at least a few
>weeks.... The key factor then: what happens around recent low in Japan Long
>Bond.... 3) Report is flat.... then technicals govern, and they don't look
>positive short term.
>
>overall, a very interesting scenario for next few days.
>
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