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Tim, Good trade. I note that break occurred at 1240 Chicago - aren't you
leery of entering breakouts which occur during the thinly traded lunch
period? The locals seem to pretty consistently drive the premium one way or
the other around 12:30 which more often than not results in a false move.
Earl
----- Original Message -----
From: "Timothy Morge" <tmorge@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, April 30, 2001 12:11 PM
Subject: [RT] E*Mini S&P update
> Good afternoon, RealTraders!
>
> With the strength both the Nasdaq and S&Ps were showing on the opening, I
> remained flat--I was leery of this upmove and was not bullish. Obviously,
> they have both shown more strength than I thought they would this morning.
>
> But once prices tested 1275 in the S&Ps, I began running a stop sell entry
> at 1269 1/2. I am now short at 1269 1/2 with stops at 1275 3/4 and first
> logical target at 1262 1/2, second LPO at 1260.
>
> Best,
>
> Tim Morge
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