Tuesday, June 8, 2010

Knife catching time again.

Trying another long here. Stop below LOD. Its barely 5 pts of risk. Using futures, some calls, and some ETFs.


  1. there are a lot of stops in the 1038-1039ES area ... if those get hit, it would signal a move towards 100X with a potential even to go into tripple SPX digits.

    For now, playing technical bounce here with a fairly big position.

  2. took some partial profits as a buffer for the stop.

  3. and took off a bit more to make it a break even trade again (with stop below LOD). So sitting comfortable now. Will add on break of 1080 or get stopped out.