Wednesday, September 16, 2009

And another new high lol

Well, not much more to say, yet again another high. It seems after we make a new high, this new high quickly becomes to support without even being broken on the downside.

Post just meant as a holder for today - mentally exhausted and really just waiting to see once we reach SPU 107-108 before I can make any clear directional calls.

6 comments:

  1. added some shorts here, also short for a day trade via ES.

    FYI only using ES at the moment for short term day trades and scalps. And shorts are only long term dec+ puts (some in the money, some out of the money)

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  2. this is just crazy lol - I have no reads on this market - all I know we are seeing a crash like last year oct - just in the different direction - call it a bear crash lol

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  3. according to Mortie, who has made very good call lately ES Z 1064 ish the top spx cash 1068. we are almost there.

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  4. yeap SPY 107.17 is my last spot to add my last chunk of puts. Once we get there, if we do not reverse back below 1044 within 3 days I am OUT

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  5. it is amazing that for the last few days Mkt has not dipped below 50 sma. That may be a sign for reversal.

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  6. I have a placed alimit orser at 1064 for ES Z and stop at 1066.

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