Just covered hedges....I have STRONG doubts (weekly chart and sentiment, etc), but risk:reward with the HUGE gap looks favorable for a trade.
2.5week low
Started by
VolPivots
, Jul 26 2007 06:37 AM
3 replies to this topic
#1
Posted 26 July 2007 - 06:37 AM
#2
Posted 26 July 2007 - 06:40 AM
This may be a gap and go big down day. Trend recognition. The action in the futures is pretty extreme.
I'd cover some more shorts if we get a big down day, though.
Could that be commericials, trying to get out of their record long positions ?
I do think that we're about to see some real fear.
Edited by ogm, 26 July 2007 - 06:43 AM.
#3
Posted 26 July 2007 - 06:48 AM
This may be a gap and go big down day. Trend recognition. The action in the futures is pretty extreme.
I'd cover some more shorts if we get a big down day, though.
Could that be commericials, trying to get out of their record long positions ?
I do think that we're about to see some real fear.
Y, could be the 100 year Rich Man's panic of 2007 That's later in the fall......
#4
Posted 26 July 2007 - 08:08 AM
What's happening this morning is a pretty dismal failure of yesterday night's excitement, imho. This kind of failure will be pretty difficult to stop today probably, but a good bounce will be due probably on Friday since I am pretty sure the P/C will achieve something like 1.5-1.8 today...