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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.
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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: Hill, Ernie
[mailto:ernie.hill@xxxxxxxxxx]Sent: Wednesday, October 30, 2002
10:08 PMTo: '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.
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href="http://groups.yahoo.com/group/snpforecasts/";>http://groups.yahoo.com/group/snpforecasts/
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