Gotta love ZERO RISK in the SP500 = $$$

spx moving above her 50dma

breaking straight up out of her 9/24 up channel

gold and crude traders left their desks.... moved over to spx screens watching es afterburn

one has the US flag holding it up
 
Pricechange said:
es rallied 130 handles on FED not hiking...now they read notes and rally another 30 handles on same news
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yes, I will never underestimate how one quarter has absolutely no bearing on the next..literally I could feel the entire vibe of the market change around the end of last week.
 
The good news: My Oct 09 ES 2000 calls went ITM with less than 1 day to expiration.
The bad news: I sold them too early for only about a 100$ gain.
 
S2007S said:
Okay bought more drip @ 48.00 Just now bringing my cost average down now to $60 a share!!

$77.85
$65.50
$48.00

All prices I bought DRIP at!!!!
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You'd think given your UWTI experience you'd better understand why averaging down on your biggest losers is a foolish technique. "Cost average" is irrelevant, every new buy has to be evaluated as a separate trade, and simply buying more doesn't make you better off.
 
i960 said:
The good news: My Oct 09 ES 2000 calls went ITM with less than 1 day to expiration.
The bad news: I sold them too early for only about a 100$ gain.
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my call hedges always work out great...its too bad they just offset how much I hemorrhage in the puts. :(
 
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