5 replies to this topic

[OEXCHAOS]

I mentioned this yesterday (see "Gone").

Update: You should be gone now at 156425. I can't imagine that anyone paid more than 154800. 14.25 is a nice profit. I have a downside target of 155450, but I'm not eager to short too soon. This is op-ex week, so we will need a good looking set up to trade.

I'm not short, for the above reasons, but I'm also not long. We'll likely bounce there, but I'll see as trading gets going. They rarely shellac them on OpEx.

Mark

[NAV]

Mark, I think they completed their mission this morning by filling the gap at ES 1555.25. Now that the downside is taken care of , they have the upside to care of the rest of the day.

[Russ]

from da_cheif's latest blog entry... "staying long the large contracts from the exact low of WWW 1516 on top of the 1095 and 1383 entries.......at 1574 will sell the es against the big positions only if it opens below 1574 on friday........... "

[OEXCHAOS]

NAV,

the gap fill could be "close enough". Less than a point off is, well, not much.

Up is certainly more likely than down. Chop for today was my official call on Sunday and I'm sticking to it.


I'm thinking that golf or fishing might be preferred to trading today.

Mark

[NAV]

NAV,

the gap fill could be "close enough". Less than a point off is, well, not much.

Up is certainly more likely than down. Chop for today was my official call on Sunday and I'm sticking to it.

Mark,

You call was on the money. I was just saying your exact target may not get hit, given that the overnighters accomplished their mission by filling the gap and reversed quickly from there.

I'm thinking that golf or fishing might be preferred to trading today.

Mark

I agree. I am just reading a book and relaxing.

Edited by NAV, 20 July 2007 - 08:38 AM.

[OEXCHAOS]

You're a marvel. I haven't read a book in literally years. Of course, I read reams and reams of stuff on this bloody machine. If I have time, I take it to go play boccie with the wife with a bottle of wine. That or throw some flies at the bass. Still, I would love to have the down time to read. Maybe we can create that some day. M