4 replies to this topic

[NAV]

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 !

Edited by NAV, 11 October 2007 - 02:36 PM.

[eminimee]

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.

[Cirrus]

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.

[NAV]

I am betting on that channel hold around ES 1545. If that channel breaks, then the bulls are in further trouble. We could then move all the way down to ES 1510-20 area. We'll cross that bridge when it comes....

[endisnear]

I am betting on that channel hold around ES 1545. If that channel breaks, then the bulls are in further trouble. We could then move all the way down to ES 1510-20 area. We'll cross that bridge when it comes....

T did you sell the OEX puts/