Thursday, November 19, 2009

Will post updates mid day

Sorry again work is taking over. But take a look at the post from yesterday in regards to the many scenarios we have for this to play out. I for one am still unsure if we make a move higher first or retrace.

What do you guys think?

8 comments:

  1. may play a long on a reversal at 1097 here for a quick scalp. Down gaps have been notorious for being filled 100% in the past, while up gaps remain as up gaps. even if 1097 fails, we still have our monday gap to fill which should bring a reversal.

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  2. ok looking for ES 1092 now for a long scalp.

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  3. stopped out ... woah finally the bear is moving hah - but lets give it some time first before we make any calls here.

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  4. lets hope this is not a 60 minute wonder here and we see some follow through with bulls taking profits - since there is no bear left. Remember what I was talking about a while ago with the high leverage that will eat into profits FAST if support is broken. Thats what we are seeing now.

    And yes - yesterday was quite a noob move for me to close out those amzn puts - but as sam had mentioned a long time ago - better to take a loss and try it again. At least my spy puts are moving =)

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  5. I see potential for ES 1078 for today. good place to go long then

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  6. 1082 should hold it back first. That is very strong support there. Next level is 1076 and 1070. but I am pretty sure the 1082 may hold. Anything below you can go long with good risk/reward.

    Take a look at EURUSD - its not even close to significant support - thats why I am very cautious here with this drop today.

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  7. I may position myself delta neutral at the end of the day (putting on a spread on the put I currently have)

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