How high can the S&P go?

NoMoreOptions · Oct 3, 2003

History have told us again and agani that October is a dangerous month. Watch out. "They" are working on it.

PoundTheRock · Oct 3, 2003

If you shorted on the open, you're gonna be real happy at the end of the day. Unemployment rate unchanged, ISM weak, and job #s a temporary blip. Big deal.

Mvic · Oct 3, 2003

I took myself out @ 1356 but got back in with a half position @ 1366. Also sold a good amount of out of the money SMH Calls.

I won't deny the obvious though, for those of us that came in short today it really sucked. And to top my morning off both my gold trade and my Euro trade are giving back some of the green.

Romeo · Oct 3, 2003

Quote from Romeo:

I don't think there's much upside left. Maximum to 1050.

So that's where i'm voting.

As i've lost money. But, sticking to my first post of this thread (see above), i've held the 1050 calls i'm short, and a big loss was sliced by 2/3 to a small loss by the end of the day

Pabst · Oct 3, 2003

I got annihilated. Short NQ.

bronks · Oct 3, 2003

Me too. Saving grace was dive at the end.

T-REX · Oct 3, 2003

Although I was out of the market today.

......but I did however manage to be called a liar, & a charleton?

Oh well. Being talked about is just as bad I guess. It just didnt cost me any money.

AMT4SWA · Oct 3, 2003

Do we still owe you juice for your SHORT calls, "STONE COLD LOCK FOR THE $$$"

Chris

BTW, I am sitting in some SHORTS over the weekend.

T-REX · Oct 3, 2003

I missed ALL dat upside 2 day.
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DISCLAIMER

The following is just my bias opinion and should not be misconstrued as official daily FORECAST for Monday 06 Oct 2003.
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Today could actually be counted as a "FAILURE" rally attempt!

Why?

We did not take out the 10-day high in the ES.

One more failed attempt on Monday & THAT'S ALL FOLKS!!!
This market will roll over and play dead.

Nice call romeo.

You market wizard you.

PoundTheRock · Oct 3, 2003

Quote from Mvic:

I took myself out @ 1356 but got back in with a half position @ 1366. Also sold a good amount of out of the money SMH Calls.

I won't deny the obvious though, for those of us that came in short today it really sucked. And to top my morning off both my gold trade and my Euro trade are giving back some of the green.

Sheesh, that was the most painful short ever. Still short QQQ from basis 33.85 and SPY 103.56. Played about 8 games of BrickBreaker on the Blackberry to soothe the pain. But can't complain too much - the morning futures have pointed the way on the last few economic releases, maybe some government hacks are getting some bling bling on the side.