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more like 1325-1350 on the dec contract....... :) sold a shitload of premium as well on the spx to let get some time decay profits as well. Tight stops will be in and out playing it smart. I will watch for strength. But I am going for the homerun....

Heavily short now from 1532-1533and will look to cover asap if market shows strength because its in a support zone. Look out below.........

just hitting the sack... not going to get much sleep tonight. Market looks like its just about to break below yesterdays low. If we open below this pivot I will be playing the short side in a big way tomorrow. Best way to play it would be to short a retest and play it with tight stops...

I moved it down because I wanted to be below the pivot low in the afterhours in case they made a run for my stop. It was only 3 ticks to sacrifice which kept me out of the noise of the afterhours sharks.

Looks like a picture perfect doji...... get ready to pounce tomorrow if the trigger occurs... looks like a 100+ point decline starts tomorrow :) If market strengthens cover immediately for a small loss. Small losses and grand slams are how I trade. I missed the buy while taking...

Thanks man.... although I didnt leave a runner to make those additional 15 pts or so.... but noone could predict that big of an explosion.

Yes, if you look at the chart I posted yesterday describing 2 patterns that can lead to an explosive mood in each direction you will see it is very similar to the situation on the daily chart. Any weakness around these areas and you are going to see a very fast decline. However, if we continue...

Here is a chart showing my stops and targets hit. Got quite a bit out when I saw that it wasnt going as planned a day or so ago. Watch my stopout be the HOD.....

stopped out of pxp..... may reenter tomorrow if I see a trigger. This market is heading for resistance zone 2 marked on the chart I posted last week. 1537-1540

really killed..... I havent been stopped out of pxp.. just taking some heat ATM. It is 1 unit of risk. I just made +10 units off the ES trade.... you do the math.

Ben is a bastard... gettin raped in PXP ahh well

ya baby covered for +28pts with a 3pt stop :) what a freakn bar.... tomorrow time to play the short side

Place your bets...... still holding long com on 1515-1517!

Here is the follow up on the 2 patterns. You can clearly see the line in the sand was taken to the upside and impulsing market to the upside resumed.

*** FTR, you moved your stop 3 ticks down, last nite's low was at 1485. If you're protective stop was at 1485.50, 2 ticks down would be 1485 (last nite's low). 3 ticks down would be 1484.75. Good trading, JJ [/B] ya 3 ticks.. your right. Just busy trading.

Moved stop 2 ticks down so it was 1 tick below the low at 1485 last night... Trade is looking sweet. Market is rallying as expected. Will look for weakness in 1515-1517 area to reverse short if it can get up there. Most likely wait for tomorrow to get short though due to the fed.

I agree... very important fed meeting. Hasn't been this important in a long time. I think they are screwed either way as well.

2 patterns showing indecision.... I would like to see a rally to 1515-1517 followed by a huge decline.. but thats probably just because i am long.

Time to start looking for longs... long here at 1487.75 stop at 1485.50 target 1517 2.25 stop 25-30 pt target Still short PXP and long nat gas