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#1 CLK

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Posted 21 October 2009 - 02:51 PM

Added to short earlier in the day. Waiting for the close to see if all clear yet.

#2 cycletimer

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Posted 21 October 2009 - 03:05 PM

Added to short earlier in the day. Waiting for the close to
see if all clear yet.


Me too. Besides the OEX Nov puts I already own I sold a call credit spread. This is a nice "Bradley reversal" off of today's high. Look at the drop off that high on SPX...nice... look at the drop from today's high in the Russell...very nice!

#3 CLK

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Posted 21 October 2009 - 03:08 PM

Added to short earlier in the day. Waiting for the close to
see if all clear yet.





Looking to add tomorrow on an early bounce. I'm trading this
like it is an IT top.

#4 CLK

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Posted 21 October 2009 - 03:13 PM

Added to short earlier in the day. Waiting for the close to
see if all clear yet.


Me too. Besides the OEX Nov puts I already own I sold a call credit spread. This is a nice "Bradley reversal" off of today's high. Look at the drop off that high on SPX...nice... look at the drop from today's high in the Russell...very nice!




Yes, top looks in. I'm still wary of a possible (b of A) move up Friday or Monday
from lower levels.

#5 thespookyone

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Posted 21 October 2009 - 03:33 PM

Nice trading here, young man.

#6 CLK

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Posted 21 October 2009 - 04:03 PM

Nice trading here, young man.





Thanks. I'm thinking cover Friday, I don't want to wait through the "b" wave.

#7 thespookyone

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Posted 21 October 2009 - 10:03 PM

Nice trading here, young man.





Thanks. I'm thinking cover Friday, I don't want to wait through the "b" wave.



Another good thought on your part, but don't be surprised if your "B" turns out to be a 2 of A.