I think everything is pretty strong, but then there is just too much speculation at this point, I think we are just hitting the daily highs...
Short ES 1143-1144
Started by
arbman
, Mar 09 2010 12:34 PM
22 replies to this topic
#2
q4wer
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Posted 09 March 2010 - 12:47 PM
You don't give SPX a chance to make double top
#3
jjc
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Posted 09 March 2010 - 01:01 PM
I'm thinking higher high tomorrow.. (double top, possibly throw over) and then down into FED meeting
where they announce they can print like crazy due to the newly discovered measures of weakness
(read weakness of EURO race to the bottom to devalue). Then we rip higher.
But I'm just guessing (and not trading).
#4
Architect
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Posted 09 March 2010 - 01:01 PM
SPX looks like it's making a double top right now...
#5
Architect
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Posted 09 March 2010 - 01:05 PM
if they can actually push SPY over 115 it could jump to 120 very fast. Well then, i would be screwed basically...
#6
arbman
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Posted 09 March 2010 - 01:41 PM
Perhaps higher later in the week, right now we have too much speculation...
#7
cycletimer
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Posted 09 March 2010 - 01:45 PM
Down from this top (right here, right now) until 11 am tomorrow... That's my map. If this map is correct we decline from here and close slightly down today, gap down tomorrow and bottom.... Bought some DIA 105 puts....
#8
Architect
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Posted 09 March 2010 - 02:00 PM
Saw some LS (or whoever) trying to push SPY to 115. They made it to 114.95, and then.... you saw it too.Down from this top (right here, right now) until 11 am tomorrow... That's my map. If this map is correct we decline from here and close slightly down today, gap down tomorrow and bottom.... Bought some DIA 105 puts....
So close, yet so far.
i agree with you cycletimer.... And yes i am calling a top (ST).
#9
cycletimer
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Posted 09 March 2010 - 02:15 PM
Saw some LS (or whoever) trying to push SPY to 115. They made it to 114.95, and then.... you saw it too.Down from this top (right here, right now) until 11 am tomorrow... That's my map. If this map is correct we decline from here and close slightly down today, gap down tomorrow and bottom.... Bought some DIA 105 puts....
So close, yet so far.
i agree with you cycletimer.... And yes i am calling a top (ST).
VST Mr Architect... as in hours of sell-off only... More fireworks and volatility (DOWN-UP-DOWN) at mid-month... sell-off AFTER opex. The instrument to trade in Mid-March are call options on the $VIX!!!
#10
arbman
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Posted 09 March 2010 - 02:38 PM
I don't know about VIX options, but VIX is divergent from the new highs in the indices, a sell off is almost confirmed here... Let's see whether they will push higher into the close for a gap down...
