6 replies to this topic

[eminimee]

Won't hesitate to get back in long options...but just worried a little about a B wave top....taking profits in this case is a good idea....long ES again from 56 with a stop at 60.25...scalping ES

http://stockcharts.com/c-sc/sc?s=$SPX&p=10&yr=0&mn=0&dy=8&i=p12388273364&a=110676262&r=6140.png

[rkd80]

I was long ES until end of day and the Trin is just scaring me, so I got out. Might regret that, but it feels like we will have a better entry point tomorrow in the afternoon. Also, ES, ER2 are up against resistance on a TL that connects last week's highs. Similar to the one you drew for the SPX, but unlike SPX - ES got rejected, for now. Shorting here is senseless probably, but I would certainly expect some kind of pullback.

[eminimee]

I'm out of long at 67 and shorted 67...stop 71

[kaiser soze]

Great trade on the OEX calls, Teaparty. Just curious: did you buy weeklies or the Sep series ?

[blustar]

A lot of my VST indicators are over done to the upside but my 4 hour is still turning up, so I would expect a test of 1450 SPX tomorrow afternoon, with some possible selling early on in the morning, or an a-b-c sideways 'b' flag with higher prices up into Friday mid session.

[denleo]

Tea, I told you yesterday you would have a good trade. Why did you get out? This trade is not over in my opinion. Denleo

[eminimee]

Great trade on the OEX calls, Teaparty.

Just curious: did you buy weeklies or the Sep series ?

both....made 70% on sept 675s and nearly a triple on weeky 675s

Tea, I told you yesterday you would have a good trade. Why did you get out? This trade is not over in my opinion.

Denleo

Hey Dennis...read my original post in this thread.. That was the purpose of posting. When in doubt ..get out...plus I was sitting on some options that expire Friday so I took the money and ran....

There is a count that says we could see the low 1400's on the next swing...or we shoot to the moon.....I'll get in on either.