5 replies to this topic

[MacRo]

just bought 10 grand worth of OEX 720 Oct calls for a two day swing. c'mon and bounce of the TL, daddy needs a new pair of shoes...

[eminimee]

Seems we are in a "waiting for intc" triangle....although we should be out of it before close.. Personally....because WWW was a high...I've been thinking all along that the payday will be on the downside....but only TWT.....good luck.

http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=18&i=p04745242026&a=93322579&r=9132.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=30&yr=0&mn=2&dy=0&i=p42848498630&a=88408952&r=8223.png

http://stockcharts.com/c-sc/sc?s=$OEX&p=5&yr=0&mn=0&dy=16&i=t49309409399&a=106624082&r=4664.png

Edited by Teaparty, 16 October 2007 - 01:40 PM.

[MacRo]

Tea, Truthfully I have no idea, but I kind of like it from a risk reward. On the 15 min charts I am seeing positive RSI divergence and some countertrend momentum building at an intriguing support level. I am by no means married to this position however, and I am still running delta neg as a whole.

[MacRo]

Out. Small loss. 1536 cash may still hold but my level of certainty isn't firm enough to stake much of anything on it.

Edited by MacRo, 16 October 2007 - 02:17 PM.

[eminimee]

BOOOOOOOOOOO......1536 didn't get touched. ... that number is/was big. But you can sleep tonight.

[MacRo]

SPX hit 1536.29 at 3:08 I sat there debating with myself about re-entering for about 5 minutes, but this isn't a support group and I'm not making decisions with my life based on gut feelings and touchy-feely vibes. I didn't have good rationale to put on a trade there above and beyond my gut so I'm closing the evening mostly flat and happy.