S/R Emini Journal

JimmyJam · Jul 21, 2006

Quote from 4re:

Only problem I am seeing is it looks like for right now a lot of the volume is drying up on the short side.

... that's because the market is reversing.

Long @ 1252.75

volente_00 · Jul 21, 2006

sold at 1254.

gotta love when a plan comes together.

sportmatt37 · Jul 21, 2006

Quote from volente_00:

sold at 1254.

gotta love when a plan comes together.

very nice call - what was your basis, just the 1030 reversal theory?

MiniDowTrader · Jul 21, 2006

Quote from volente_00:

sold at 1254.

gotta love when a plan comes together.

You'da man V!

volente_00 · Jul 21, 2006

option expiration, 1240 put interest, resistance becoming support and 10:30 reversal.

4re · Jul 21, 2006

Quote from JimmyJam:

... that's because the market is reversing.

Long @ 1252.75

That is what I was referring to. I am just not that good at calling for reversals since I try to stay as market neutral as possible. Sometimes I can't help it though. Right now we are at a 50% retracement. They are duking it out

volente_00 · Jul 21, 2006

Quote from volente_00:

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

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

Gary, are the Q's back to 36 ?

4re · Jul 21, 2006

Quote from volente_00:

Gary, are the Q's back to 36 ?

Yep, they might just try to keep it around there today. That is ok I have a strangle on it anyway.

MiniDowTrader · Jul 21, 2006

Good luck guys!

Time for me to run some errands.

MDT

4re · Jul 21, 2006

Quote from MiniDowTrader:

Good luck guys!

Time for me to run some errands.

MDT

By errands you mean tee time

Have a good day, man....