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.
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.
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added some shorts here, also short for a day trade via ES.
ReplyDeleteFYI 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)
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
ReplyDeleteaccording to Mortie, who has made very good call lately ES Z 1064 ish the top spx cash 1068. we are almost there.
ReplyDeleteyeap 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
ReplyDeleteit is amazing that for the last few days Mkt has not dipped below 50 sma. That may be a sign for reversal.
ReplyDeleteI have a placed alimit orser at 1064 for ES Z and stop at 1066.
ReplyDelete