Kudos to MMs

Quote from nitro:

Imo, one should not stay short here . OFV and SPX have converged, and yet the edge is still higher on the daily to maybe one week ish time frame. I have to stay short because I am not trading on the OFV time frame, but on the FV time frame. OFV made a huge turn around move, and I suspect that it has reached a temporary equilibrium here, with most of the risk is from SPX going higher somewhere near 1220.

FWIW, OFV may be a perfectly good day-trading swing system, but I am not ready to go there yet.
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FADE system perhaps. Going down in flames "witches" style.... SPX 1232.72....
 
SPX, 1226.49. FV, 1107.24, OFV, 1191.29.

Amazing the swings today in both my theoretical models, and SPX. I know it is wrong to sell on the shorter time frames, but it is one thing to say it, and another for it to play out and play out in these terms. Markets will continue to buy weakness for another week or so.

Non of this changes the underlying structural problems.
 
idiot.jpg

i bring a little class to et
 
Quote from GTS:

Current positions:

10-05-11 03:34 PM S SPX 1140.65
10-07-11 08:31 AM Added S equivalent of SPX pre-market 1172
10-12-11 03:02 PM Short third unit 1220 SPX

Assuming equal size positions the current basis is 1177.55, so its about 40 handles underwater (SPX 1219 right now)
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Nitro, are you really 9k in the hole on this position?
 
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