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Covered and reversed to long at 1614.75

We're heading to 1695 - 1710 in the next 2-3 weeks. We should rejoice, as volatility should start to expand a bit from there, and who doesn't like volatility :)

Be content if we get 1600 -1625, let alone 1525.

Out of the add at BE. I'll wait till next week for any more adds.

Then down 30-40 points from 1670-1685

Next week should be reversal week, and likely somewhere from 1670-1685.

Filled on 1664. Avg. 1654 on two positions.

It appears it wants to go higher to around 1664, therefore I'm adding there, and another at 1672, day order.

Day order to add at 1665.75 and another at 1673.5

Out of my 1659.25 add at 1650.5. Holding 1644 still.

I would think JPM and GS are completing this task by now after this big run up from 1530.

I hope it's not long range, hehe. I prefer the one that peters out mid way, but the media blows it out of proportion as always. I don't think the CME will change margins until we see several consecutive days of +2.5% days. We're barely doing 1% currently, let alone 2.5%.

Maybe north korea will test launch a missile tonight, who knows.

Fear of losing money should bring in some selling. Also, the beauty about were the ES is in the mid 1650's, you don't need more than a 2% pullback to get back to even in ammo's case or make money for shorts, because that would equal 30 some points in movement.

Alright man, hang in there. Even if you end up taking a loss on this one, you still made a lot of money with your previous positions the last 12 months.

Filled. 1651.62 is my avg. One more add and I'm done.

ammo, how many contracts do you have on this position at this point?

Adding at 1659.25 and 1672, stop will then be at 1685. I'm targeting 1620 in the next 7 trading days.

I see no more than down to 1550 if we correct this year which would equal nearly 6.2% pullback, specially if the market wants to reach 1760 by year end.

gmst, SPY closed 2012 at 142.41 So based on the % gains the responder posted of 34,31,31,27,26 it would equal to 190.82, 185.55, 185.55, 180.86, 179.43 respectively. I say the market touches your number of 1760 or even more which should be close to 176 SPY equivalent.