SPX 1342

Half a million bloggers are expecting it. Last week when i published my VST targets in SPX 1335-45 area, it was a alien concept, something impossible. Now it seems like either we are not going to make it to SPX 1342 or we vastly undershoot by going for gap fill at ES 1321.50 (blustar's intial target). Either way i will be closing my options and ES hedge at open, take 6 points loss and reasses later.

Edited by NAV, 11 April 2008 - 08:18 AM.

Either way i will be closing my options and ES hedge at open, take 6 points loss and reasses later.

This post has been edited by NAV: Today, 06:18 AM

Being flat, meaning NOT taking the 6 points loss. My flat, my take, my means nothing aggravating. No harms intended.

Peace,
gf

FWIW, I'm following a Gartley where AB=CD @ 1330.47. The neural net guy wants cash at close today and short at close Monday. But I eat my own cooking and already am.

Half a million bloggers are expecting it. Last week when i published my VST targets in SPX 1335-45 area, it was a alien concept, something impossible. Now it seems like either we are not going to make it to SPX 1342 or we vastly undershoot by going for gap fill at ES 1321.50 (blustar's intial target). Either way i will be closing my options and ES hedge at open, take 6 points loss and reasses later.

Thank for the update Nav. Sorry about your loss on Friday the 11th, close enough to the Friday to 13th. As you would say, close enough for Gov't work.

Either way i will be closing my options and ES hedge at open, take 6 points loss and reasses later.

This post has been edited by NAV: Today, 06:18 AM

Being flat, meaning NOT taking the 6 points loss. My flat, my take, my means nothing aggravating. No harms intended.

Peace,
gf

gf,

I am not sure i understand your cryptic statement. Can you be a bit more clearer ?

Half a million bloggers are expecting it. Last week when i published my VST targets in SPX 1335-45 area, it was a alien concept, something impossible. Now it seems like either we are not going to make it to SPX 1342 or we vastly undershoot by going for gap fill at ES 1321.50 (blustar's intial target). Either way i will be closing my options and ES hedge at open, take 6 points loss and reasses later.

Sorry about your loss on Friday the 11th, close enough to the Friday to 13th. As you would say, close enough for Gov't work.

Hey Sky,

No worries. I do about 15 trades a month. I take home 8-10 winners and rest are losses. As long as i maintain my 1:2+ risk/reward, LT i will be ahead in the game. Now looking for the next setup. Long or Short i don't know yet.

Either way i will be closing my options and ES hedge at open, take 6 points loss and reasses later.

This post has been edited by NAV: Today, 06:18 AM

Being flat, meaning NOT taking the 6 points loss. My flat, my take, my means nothing aggravating. No harms intended.

Peace,
gf

gf,

I am not sure i understand your cryptic statement. Can you be a bit more clearer ?

All I am saying is, as quick as your close out of 6 points loss, it is still less profit than my flat position since 4/2/08. That is all. Since you are much too big than me on FF, I am humbled, just to make this point.

gf

nav,,all the #s you noted are in my chart.does it help.can I make it better ? keep up the good work
http://www.traders-t...showtopic=87108

Either way i will be closing my options and ES hedge at open, take 6 points loss and reasses later.

This post has been edited by NAV: Today, 06:18 AM

Being flat, meaning NOT taking the 6 points loss. My flat, my take, my means nothing aggravating. No harms intended.

Peace,
gf

gf,

I am not sure i understand your cryptic statement. Can you be a bit more clearer ?

All I am saying is, as quick as your close out of 6 points loss, it is still less profit than my flat position since 4/2/08. That is all. Since you are much too big than me on FF, I am humbled, just to make this point.

gf

What can i say ? I am impressed.

Half a million bloggers are expecting it. Last week when i published my VST targets in SPX 1335-45 area, it was a alien concept, something impossible. Now it seems like either we are not going to make it to SPX 1342 or we vastly undershoot by going for gap fill at ES 1321.50 (blustar's intial target). Either way i will be closing my options and ES hedge at open, take 6 points loss and reasses later.

What is the point of bashing 'the half a million bloggers'?

Make the call and make the money, I don't get how it matters whether you make the call 15 mins or 2 yrs before the event as long as it is timely...

Good luck next time.