Black Monday

[Trendytrader]

yip looks like PPT....got to break the spriral I guess....see if they last the distance...ISM down....

 

[blast19]

Black Monday turned sunny and golfing by 3 seems to be within reason.

 

[dhpar]

Quote from blast19:

Black Monday turned sunny and golfing by 3 seems to be within reason.

let's hope for some more of equity selling in order to clean up ET forum - there are too many members now. Each point down in YM equals one ET soul

 

[ByLoSellHi]

Here we go - 90 point swing in first hour.

Playing out just like Friday.

Plunge this afternoon.

 

[S2007S]

Quote from ByLoSellHi:

Here we go - 90 point swing in first hour.

Playing out just like Friday.

Plunge this afternoon.

wouldnt be suprised to see the dow surge again like it did 20 min ago

 

[S2007S]

Quote from S2007S:

wouldnt be suprised to see the dow surge again like it did 20 min ago

and surge it did.

 

[ByLoSellHi]

Dow will close down 100+ points if it drops into negative territory before 2:00.

Naz and S&P will close lower regardless.

No conviction and weak economic data.

 

[lauriston]

like I posted before, the rallies in this downtrend are better plays now that VIX and put/call ratios are so high. Until those two come down, i am going to game the long plays and leave the shorts to late-comers. Once we rally then i will start shorting rallies. Too much bearishness sentiment this week http://lauristonletter.blogspot.com/

 

[FourZebra]

What is the symbol for the underlying VIX of those options you are referring?

 

[bh_prop]

Lauriston:

Your logic makes sense for a somewhat longer-term play than intraday. Curious why you wouldn't build a longer-term position. That said, can't blame you for not holding a long position overnight, been the certain kiss of death lately.