What do you guys think?
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.
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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.
ReplyDeleteok looking for ES 1092 now for a long scalp.
ReplyDeletelong for scalp here.
ReplyDeletestopped out ... woah finally the bear is moving hah - but lets give it some time first before we make any calls here.
ReplyDeletelets 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.
ReplyDeleteAnd 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 =)
I see potential for ES 1078 for today. good place to go long then
ReplyDelete1082 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.
ReplyDeleteTake a look at EURUSD - its not even close to significant support - thats why I am very cautious here with this drop today.
I may position myself delta neutral at the end of the day (putting on a spread on the put I currently have)
ReplyDelete