4 replies to this topic

[NAV]

but it's the doing that's difficult !

Took profits on half my OEX calls from SPX 1530 area, right here near SPX 1543. Letting the rest half of the OEX calls and the ETFs to ride.

Here's my dilemma. My analysis says we are headed higher. But what if they retest yesterday's low and then head higher, which is entirely within the realm of post Fed nonsensical volatility. Don't like to give away all the gains. So booking some partial profits.

Trade posted here

If they head higher post-fed, watch SPX 1563, which should be a VST resistance to deal with.

Edited by NAV, 31 October 2007 - 12:46 PM.

[arbman]

So far, it sold off... as expected.

[arbman]

... and 1.25 wk cycle low has now bottomed

[NAV]

But what if they retest yesterday's low and then head higher, which is entirely within the realm of post Fed nonsensical volatility.

How do i know these criminals so well ?

[arbman]

Good job NAV, this was a hedging type of a decline, not worth of a directional bet... Now if we can get the breadth sustain until the closing, it will be a nice daily buy signal.