10 replies to this topic

[Tor]

Only wish I had held onto my longs from yesterday instead of getting stupidly smoked out. Never mind. Going long here. it appears news suprises on the upside in general. Can target the SPX 1450 here. I will keep a prudent stop in place at the 1425 level in the cash. not much risk.

[eminimee]

I'm heavily short with spx june 1520's ....I'm still scalping es long and short but very interested in spx 1534.

I'll be hedging above there but I don't think we close above 1534/35.

[eminimee]

PS....1450 is my first target too. vbg

[Russ]

Tor, You must mean your target is spx 1550 not 1450?

[thespookyone]

Teaparty-I also bought the 152's today. Same page again. Spooky

[CLK]

Tor, Something is wrong ST, I've scaled way back to cash. Index put/call ballooned yesterday. I'm going to start using trailing stops, I can't take not being able to access my account while away from my computer, and I don't like giving back the gap up gains.

Edited by CLK, 23 May 2007 - 01:49 PM.

[Tor]

Tor,


Something is wrong ST, I've scaled way back to cash.

Index put/call ballooned yesterday.



I'm going to start using trailing stops, I can't take not being able
to access my account while away from my computer, and I don't
like giving back the gap up gains.

Yes 1550 cash.

Of course may be something wrong, but with the top calers my strategy is to simply forget about the indicators, the overbought, the divergences and just follow the price trend, which is up and put a stop in. Hardly any of my stops are getting hit. When they do, I stop!

[CLK]

Back in IWM small position. Will take another look tomorrow.

[Russ]

"Yes 1550 cash." 1450...Freudian slip...?

[CLK]

Back in IWM small position.

Will take another look tomorrow.

Took it back off, no bounce.

May take the week off, pre holiday selling.