Edited by NAV, 11 October 2007 - 02:36 PM.
Fear of god...
Started by
NAV
, Oct 11 2007 02:35 PM
4 replies to this topic
#1
Posted 11 October 2007 - 02:35 PM
That's what these selloffs are all about. Otherwise blind luck gets confused with TA. This is the 30 point selloff i have been pounding the table for the last two days. Yeah, i was two days and 10 SPX points early.
We are approaching a bounce area OEX 720. Closed the rest 50% of my OEX puts near 721 for more than 100% gain. I have made my money for today and this week. Will look to reshort after a reaction.
I promised to take a break. Sorry, the rush from the selloff was too much to contain. Now i promise i am taking a break for a few days.
Teaparty,
Cheers.
Good trading folks !
#2
Posted 11 October 2007 - 02:42 PM
I'd give you a high five but don't want to jinx anything. lol ....but I am a little more bearish than that 30 spx points....
Edited by Teaparty, 11 October 2007 - 02:43 PM.
#3
Posted 11 October 2007 - 02:54 PM
I think the Fed's and ECB's boyz are way underexposed to energy. Oil to new ATHs and inventories falling at shoulder season when they traditionally rise.
Nice opportunity to dump QQQQ, GOOG, AMZN, AAPL and RIMM and roll into energy--LOL.