Crash Alert!! 10/16/07

while i think the YM will be a -2% minimum, i think the global slowdown commodity selloff will be a HUGE percentage winner.


soooo..


short /ZSH8 soybeans @ 1024 (-50)
short 6bz7 british pound 2.0371(1.90s)
short YM 14068 (-2% minimum?)
long 6jz7 YEN .8581 (return to 90s?)
short QM @ 86.900 (could be huge %)
 
now short QM @ 87.625 88.50 stop

with YM shorts, i'm not even that afraid if i get stopped and oil goes to 90


a plan for YM is a 50% retrace of gap to put on more shorts


crashy crashy
 
Quote from YMsystemtrader:

gold 770
oil 86.70

dollar to 0


dow will have a -300+ day in the next week(today is very possible, more likely after expiry)

13875 to 13600 then 12300

yen will moonshot
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ummm 13600 right after index expiry

i made almost monopoly type money today.. hope everyone else did too!!!
 
Yes, nice going there! I make very few trades based on what i think the market will do tomorrow or the next day (with the possible exception of Thursday before expiry before 10am) because i am not very good at guessing what the market will do in the near future more than an hour or two out, but i do admire those who are..
 
<i>"I shorted 5,000 x 14k Oct YM mini call options for this Friday. Risk free $$$."

"Thanks for the heads up, I will buy 20k x 1500 ES put options expiring Friday today. It's great to know they're giving away risk free $$$ in the markets!"

"The bulls are going to get their balls ripped off today. I see a -1000 day for the Dow..."</i>

Nice trading, bro! About time you played both sides of the tape here. That sucker's rally (i.e. those who think the Fed can keep cutting rates to -5.00 by this time next year) thought Bernanke might be hinting no mas for Halloween.

Wonder how markets will react if announcement is "no change in rates, still on inflation alert" from the Fed? Got a glimpse of that yesterday.
 
Quote from austinp:

<i>"I shorted 5,000 x 14k Oct YM mini call options for this Friday. Risk free $$$."

"Thanks for the heads up, I will buy 20k x 1500 ES put options expiring Friday today. It's great to know they're giving away risk free $$$ in the markets!"

"The bulls are going to get their balls ripped off today. I see a -1000 day for the Dow..."</i>

Nice trading, bro! About time you played both sides of the tape here. That sucker's rally (i.e. those who think the Fed can keep cutting rates to -5.00 by this time next year) thought Bernanke might be hinting no mas for Halloween.

Wonder how markets will react if announcement is "no change in rates, still on inflation alert" from the Fed? Got a glimpse of that yesterday.
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There will be another rate cut going into the election year courtesy of Uncle Ben, Wall Street and your favorite politician ( only a fool would think the Fed is independent of politics). This in turn means US equities have, at the very minimum, another 10% move higher.

BTW, props to the OP. Good call on the correction.
 
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