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"IF" ES drops below 1544


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#1 eminimee

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Posted 15 October 2007 - 02:43 PM

there is going to be some momo downside to come.....REALLY key number to hold on oex right here is 718....it hit it's aug daily uptrend line..... Took profit on 60 more Oct's and 25 nov 730's....that's half of each that I had left. EDIT LOng ES at 54 against put delta .....

Edited by Teaparty, 15 October 2007 - 02:44 PM.


#2 eminimee

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Posted 15 October 2007 - 03:33 PM

possible expanded flat wave 2 late this afternoon.....Bring on that delta hedge meltdown!! :unsure:

http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=16&i=p82969153385&a=93322579&r=982.png

#3 nicolasillo

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Posted 15 October 2007 - 03:56 PM

TP thanks for the graph

#4 eminimee

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Posted 15 October 2007 - 06:27 PM

Possible it was a three wave move up still....

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