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You're not the only one getting whipsawed in here but I escaped with a (too)
small profit. Keep a eye on the McOsc on both NYSE and NASDAQ ... both
closed yesterday below their recent pivot lows which suggests we could be
very near a retest of the early August lows all it should take is VIX
getting close to 20-22 again.
Earl
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Thursday, September 16, 1999 8:00 PM
Subject: sp500
> hi
>
> i personally is under water since 1343,1344 1345 @1346
> but own the 1340 puts for oct
> when spoos close 3.1% above todays low will sell my puts to a loss
> and replace them with 1380 puts
> i see today as a short term bottom
> we may see new hi in nasdaq and dow 09/22-10/03
> happy trading
> Ben
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