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Ok Bob,
I will take you up on your proposition. This is my plan for
trading the S&P tomorrow. Note, all prices are for the cash index. I would
not want to be accused of dispensing futures trading recommendations. Standard
disclaimers apply do your own research, and consult with your own investment
advisor before making any investment decisions.
If the market should first go up and surpass 894, and then
move back down through 894 I would
go short with an objective of covering the position upon reaching the target of
885. My initial protective buy stop would be 897.5. If the market moves down
below 888.5, but does not reach 885 I would then cover my short as the market
moves back up through 888.5.
If the market should first go down and break 888.5, and then
move back up through 888.5 I would then go long, with an initial protective sell
stop at 885. The target objective for covering this position would be 897.5.
Should the market exceed 894 but fail to reach 897.5, I would then cover my position if the market should move back down below 894.
I would take which ever one of these trades presents itself
first. If I am able to succeed with one of these trades, and get the opportunity
to take the other trade going back the other direction I would do that too.
E<SPAN
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href="http://groups.yahoo.com/group/snpforecasts/";>http://groups.yahoo.com/group/snpforecasts/
<FONT face=Tahoma
size=2>-----Original Message-----From: BobsKC
[mailto:bobskc@xxxxxxxxxxxx]Sent: Wednesday, October 30, 2002 5:13
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] mailWe still have about 800 members in our group but with
the markets quiet, (not including oil), I guess everyone is a bit laid
back. While we are resting ..... I was wondering if we could get
some more specific equity and future trades? I mean such as "tomorrow
before the open, I'm buying 1K of GE looking for a point over the next 48 hours with a .35 stop". Some on this list will not wish to do that because they have commercial sites for such things. Others may just not
want to share their hard work and yet others will be afraid they'll be wrong
and ridiculed. (I can promise if anyone is ridiculed for trying to share
and help others, I will remove the source of such rudeness from our
midst). This would liven up our list, greatly.
BobAt 02:14 PM 10/30/2002 -0600, you wrote:
I am
checking I am not getting any mail since yesterday is my problem or no mailThanks<FONT face=arial
size=2>KrisYahoo! Groups
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