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Jim,
Appreciate your heads up. Here's how I caught the break. I entered my
short sale of 400 SPY at about 1:30 pm-cst. Bot 200# at 2:00 to cover
expenses. Carried 200 short over to tomorrow's open. Hope to cover
with SPX around 905 early in the day.
Steve
>>> steve@xxxxxxxxxxxxxxx 11/03/02 09:05PM >>>
Jim,
Thanks for the update. I am on alert for a short side entry on the
SPY. Based on the strength evident at Friday's close, I expected it
to
come later in the day. And, now seeing how strong the futures are
only
reinforces my "later in the day" expectation.
Steve
>>> jwhite43@xxxxxxxxxxxx 11/03/02 08:59PM >>>
Tomorrow, 11/4, is a Near Impulse CIT for all major indices. Short the
S&P on a stop just below the 30 minute low.
Jim White
PivotTrader.com
Home of the Near Impulse Forecaster
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