YM Traders
- Thread starter volente_00
- Start date
Most of the time i am.... and made some great calls being bearish also. But this is not the time to be bearish. I also belive that any more bad earnings really wont put an additional strain on the mkts because the nikkei already tenderized it a bit. Its like having a tub of hot water 140F...... and adding more hot water thats 130F ... it wont heat up the water in the tub any higher.
Let's do it lilduck,
satchel, either get out of the road or prepare for T day thunder!
Quote from volente_00:
Pour me one
Tomorrow we close higher than 800 on the dow and 1270 on the s&p. You never answered my question on holding fut positions into earnings on overnights, do you hedge or just guess at what will happen ?
Lot of puts sold today on DIA at 108 strike giving 800 level even more support.
http://finance.yahoo.com/q?s=DIAMD.X
Sold majority of longs at 10916.
Kept a small position with a stop set at 10850.
Kept a small position with a stop set at 10850.
Options have a floor at 10800 this week, or around 840 on ym, I knew the bounce would come but I don't see enough puts open any higher that indicate that we won't drift back to 800 by friday's close plus I don't like being long with the gap up. You still holding those shorts ?
I was looking at some EMAs and Fib ret/ext on diffrent time frames for the YM...... found 845-850 to be good support also.
Will be tricky to see what mkts do today inlight of that new OBL tape.... but as you all know, geo political news have a long term inpact on the mkts about as much as a fart in the wind. To me... the first tgt we may hit is the 940 area..... then get a pause.
