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I think Fisher would say if you don't spread you are dead!:)

UNG looking attractive here, if I had Jim Rogers account I would sell a couple k puts and go buy a new bow tie. :)

today is the day to make the argument for spreading you could have gotten killed long or short on a directional play.

:)

1308 again on es, I would not be surprised to see them break 1300 again. Gotta shake the weak longs.

EURUSD

es pivot touched here

someone said he was a big name trader, I did pm him a couple of times. I never asked him about that he was a really humble dude. :)

interesting first Rick Santelli should run for govt. I love his attitude no freebees, no bullshit, regarding his method I think it was hard to understand but I will tie it with pivots points. Welles Wilder said the pivot point is the mkts own guess of the future, high + low + close = next days...

http://vimeo.com/15967639 I think the consensus is one is missing.

http://www.youtube.com/watch?v=83zgrsY7dKk

dxy on es looking for a reversal up to 1308-1312, downside may be 1290 pivot overhead at 1315

this is like going to a titty bar and finding out the girls are wearing pasties, such a tease!:p

correct long 2 .50 delta puts makes you flat

being long 100 shares of stock is like being long 100 deltas, so to hedge (get neutral) sell 2 at the money puts with .50 delta, so then you are long 100 deltas and short (-.50 x 2 = -100) deltas. This is a can of worms, the tough question is when to hedge; there are different ideas about when...

vol begets more vol sometimes, a 30 vol would be the middle of swing high 48 and low of 13.66 just my wild ass guess, ..:)

gold big move.

I need a hint?

I think we could have dropped closer to 1220 may still get there I posted about 1320 way back, you know they make it hard either way unless you are Shan B, is he backing traders now?

so a close above the point of control at 1308 is bullish to me. In short vertical moves like today are where price is trying to find a new level of acceptance, where the profile starts to fatten out. As a trend follower I like vertical moves. There are a bunch of day types as well which I won't...