SnP

[indahook]

Quote from Kap:

reason for stop @ 98.19?

yesterdays lows.

 

[Kap]

interesting, I've got low of 976.5 @ 15.45 GMT

 

[indahook]

I am talking about the SPY

 

[Kap]

Ok inda, u talkin ETF, I'm lookin at the Cash index and the futures

 

[Elliott]

Quote from Kap:

So basically it might go up or down, seems your perfectly hedged

Kap,

Let me clarify, Long 990, SL= 976, PT= 1005

Short 970, SL = 985, PT = open

If one order hits, the risk of reversal through the other in the same day would be low. Not a hedge, just risk management.



Much Success,

 

[Kap]

hmmm, Let me clarify, we were talking about the SnP cash index and the SP ETF, and not a lot else

 

[dbphoenix]

Quote from Kap:

So basically it might go up or down

Duh!

 

[Kap]

Quote from Kap:

So basically it might go up or down, seems your perfectly hedged

U heard of sarcasim ?

 

[indahook]

just for the record. covered my SPY long at 99.51 just now... not feeling the follow through today

 

[Kap]

Considered shorting Dow Futures @ 9100, but sitting on hands tightly now