We hit my upside numbers, I fully expect drift to occur tomorrow and possibly a spike higher once the debt ceiling announcement but will add in 5pt increments to 1350 and then watch and see.
With the dollar being hit like it is, surprised Gold is not making new highs. The next few days should be very interesting.
Adding some PUTs here
Started by
MarketAlly
, Jul 21 2011 09:33 AM
3 replies to this topic
#1
MarketAlly
-
- Traders-Talk User
- 407 posts
Member
Posted 21 July 2011 - 09:33 AM
The system wasn't designed so that most people could beat it.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#2
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 21 July 2011 - 09:39 AM
If you ask me puts are the fastest way to loose your money, but I guess a man will do what he believes in anyway...
This trend is now steeper than any trend over the past several months and we had several breadth thrusts, my money is better spent in the long side...
This rally will follow through IMHO...
#3
MarketAlly
-
- Traders-Talk User
- 407 posts
Member
Posted 21 July 2011 - 10:00 AM
This rally will follow through IMHO...
I will watch the euro closely but I see a turn around 1.46 area. It may run over my PUTs but I have price targets of S&P at 1220-1240 somewhere in September. The swing app we use is long right now but it does not say what happens in a month or two, only the next week or so.
Gotta trade what you see..... So Be It.
The system wasn't designed so that most people could beat it.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#4
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 21 July 2011 - 10:04 AM
I am thinking this is the 4 month rally that leads to 1998, but only if you can survive that long as a short...
