S/R Emini Journal

volente_00 · Jul 21, 2006

Long at 1246.50

Downside is to 1245.

Up is to 1254 then 1257.

MiniDowTrader · Jul 21, 2006

Quote from volente_00:

I think you had better hurry.

Thanks V,

Took 54 points on the YM.

Still think we're headed lower though. :eek:

Good luck my man!

MDT

volente_00 · Jul 21, 2006

Sold half at 1249.50

4re · Jul 21, 2006

Quote from MiniDowTrader:

Thanks V,

Took 54 points on the YM.

Still think we're headed lower though. :eek:

Good luck my man!

MDT

So much for max pain theory this month. W are way under that level. I am kind of expecting sell off this morning with boring afternoon. I just don't think traders want to hold long over the weekend right now. I wonder why...

volente_00 · Jul 21, 2006

Quote from 4re:

So much for max pain theory this month. W are way under that level. I am kind of expecting sell off this morning with boring afternoon. I just don't think traders want to hold long over the weekend right now. I wonder why...

You were supposed to use max pain to short when spx was above 1260. According to spy options, 1250 is the number to pull to.

4re · Jul 21, 2006

Quote from volente_00:

You were supposed to use max pain to short when spx was above 1260. According to spy options, 1250 is the number to pull to.

I do Q's not spx. Max pain was 37

MiniDowTrader · Jul 21, 2006

I'm seeing another bear flag POSSIBLY setting up on the YM. Might take the break of LOD.

volente_00 · Jul 21, 2006

Quote from 4re:

I do Q's not spx. Max pain was 37

I have found tech often does not follow do to volatility and announcements such as from DELL.

volente_00 · Jul 21, 2006

reading this, I come up with 36 for q's

http://finance.yahoo.com/q/op?s=QQQQ

volente_00 · Jul 21, 2006

10:30, let's roll