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Hey, you made a call. Ben made one too. I'd make one but I
haven't made a "day" trade for three days. My position
trades have been working out but daily, I'm looking to short from a
technical point of view but go long from a contrarian indicator
view. (I don't think contrarian is a word but then I'm jus an ol
Tennessee healbillie).
Good luck to all tomorrow
Bob
At 06:58 PM 10/31/2002 -0600, you wrote:
If
it were possible to trade the cash market, and you had perfect fills the
strategy below would have netted you 16.5 S&P points in today's
market. Not bad for a day that closed down five points.
E
http://groups.yahoo.com/group/snpforecasts/
-----Original Message-----
From: Hill, Ernie
[mailto:ernie.hill@xxxxxxxxxx]
Sent: Wednesday, October 30, 2002 10:08 PM
To: 'realtraders@xxxxxxxxxxxxxxx'
Subject: RE: [RT] mail
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
http://groups.yahoo.com/group/snpforecasts/
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