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Jittery jumpy volatile


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#1 NAV

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Posted 30 August 2007 - 03:00 PM

This isn't a trending market. Nor is this is a range bound market. This market is all over the place. Volatile - that's the only way i can describe this. Made a buck on QID. Closed the rest of my puts around NDX 1960. Can make a case for either a gap-up or gap-down. Odds favor a gap-down. Going home flat. Will reestablish the shorts tommorow. Unless one has 20 SPX points in the pocket, it's hard to hold positions overnight.

Edited by NAV, 30 August 2007 - 03:04 PM.

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#2 BigBadBear

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Posted 30 August 2007 - 03:03 PM

Good and prudent trading Nav..as always I expect the BErnake rally as you knw. What happens after is what I have to work out

#3 NAV

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Posted 30 August 2007 - 03:08 PM

I expect the BErnake rally as you knw.


Is that right ? That's news to me :lol:

Edited by NAV, 30 August 2007 - 03:09 PM.

"It's not the knowing that is difficult, but the doing"

 

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#4 DraggdOut

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Posted 30 August 2007 - 03:13 PM

Everyone and their mother are expecting a Bernake-induced rally tomorrow. Anyone NOT expecting it?? :lol: Anybody other than NAV, Atilla & TeaP actually basing their trades on data??

#5 BigBadBear

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Posted 30 August 2007 - 03:17 PM

Dell just out will add more fuel to the fire. Futures already soaring like I predicted

Edited by BigBadBear, 30 August 2007 - 03:18 PM.


#6 ogm

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Posted 30 August 2007 - 03:19 PM

Everyone and their mother are expecting a Bernake-induced rally tomorrow.

Anyone NOT expecting it?? :lol:



Anybody other than NAV, Atilla & TeaP actually basing their trades on data??



Plenty of people are hoping that he won't lower rates/say anything positive.

#7 eminimee

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Posted 30 August 2007 - 03:26 PM

Dell just out will add more fuel to the fire. Futures already soaring like I predicted





Futures aren't even trading until 4:30 you idiot.

#8 BigBadBear

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Posted 30 August 2007 - 03:29 PM

Futures already up 25pts. Expect another 75pts by the open Friday

#9 DraggdOut

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Posted 30 August 2007 - 03:35 PM

Futures already up 25pts. Expect another 75pts by the open Friday



There are plenty of hours left before tomorrow's trading session for another half dozen hedge funds to declare they need bankruptcy protection... :lol:

#10 BigBadBear

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Posted 30 August 2007 - 03:42 PM

bearish wet dreams...im more a realist