ES Journal Archive (2009 - 2010)

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Quote from jjj1000:

Long: spy put feb 19 at 0.96
stop: none (all at risk)
target: play by ear

A little risky, but I can't help to think about the Greece and PIIGS mess; Are they going to bail out everybody? That would be immensely unpopular in Germany and France (they would pay the bill for other countries messes). Anyway, there's a lot of uncertainty in the air, at least in my mind.

Have a great weekend all.

Short spy put 106 feb 19 at 0.20

still holding my other long spy puts (which exercise price is 108, by the way)
 
I bit louder thinking. If we will close around here or a bit bellow (but not bellow the open) my setups still show possibility to gap up, eventually may be 20 point up day for tomorrow. Considering that oil is on CARDINAL RESISTANCE and setups suggest there is good probability break it I must trade it that way - although it seems to me hardly believable.
 
Quote from Pholeuon:

I bit louder thinking. If we will close around here or a bit bellow (but not bellow the open) my setups still show possibility to gap up, eventually may be 20 point up day for tomorrow. Considering that oil is on CARDINAL RESISTANCE and setups suggest there is good probability break it I must trade it that way - although it seems to me hardly believable.
What about a quick selloff in the morning followed by a snap reversal that we've seen so often recently?
 
Sell off in begin of RTH was just gap close - with confirmed double bottom there, very low volatility as we are close to HOD - all signs of stenght after my opinion.
 
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