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I went long at 949 this morning and the market just ran off before I had the chance to put in a stop-loss and there I was just staring at the screen as the market gapped down by 9 pts.. I was still paralyzed as it went all the way down to 934 and then back up.. I just covered it at 941 for...

feels like close will be around 940.. so planning to sell/buy any 3 point deviation from 940..

Happy it worked out for you.. let's see if my short pays anything off.. my acct took a beating today..

crap.. stopped out.. short 2 @ 939.. stop above 942...

yeah it's been over an hour within a 2 point range.. feels like distribution is taking place and it is going to break to the downside..

This is getting boring.. let it break one way or the other.. tired of staring at my screen.. I'm long 4 at avg of 940 with stop at 938.75. targeting 950 area if it breaks to the upside.. will flip short if it touches 938.5

I guess i view 940 as support in an upward market.. and you view it as resistance and picking a top.. but I guess your way makes sense also given your view.. and my view makes just as much sense given my view

well risk is 1.5 points on the downside vs. 6-10 point on the upside with probably equal probability of occurence.. i.e. if it breaks on the long side.. shorts are going to be really squeezed we might see 950.. if I'm wrong and this is the top, then you can pretty comfortable reverse and ride it...

long with a tight stop seem to be the better risk/reward at this point.. can easily switch back at below 39

adding 2 more at 93975 with same stop of below 939.

long 2 contracts @ 940.25 stop below 939

needless to say - hit my stop perfectly..

I'm going to lunch so I do not change my mind again about the trade..

long 937.. stop 935. target 940.5

out 936.25.. replacing with buy and sell stop orders at 937 and 935

Long 2 contracts at 936.5. target 940.5 stop 933.5

out 937.5

Stopped.. switching to long 935.75 stop 932.5

Short 2 @ 933.5 stop at 935.5 targeting 926.5

GE is NOT being removed. it's C and GM. GM due to bankruptcy and Citi basically due low stock price. The low stock price is an issue because Dow is a price weighted index, and it will it affect the performance of the Dow vs. the S&P which is a market cap weighted index.