ES 10-06-08

buying here...

You know ,gang these record breaking tech. stats have been going on forever it seems! iLL ADMIT ITS BEEN CRAZY EVER SINCE THE CYCLE LOW IN MID , SEPT! Gotta believe this settles down in the next week or so tho,... cant last for ever!

Went long @ 1025.75 .. Holding.....

Longer term, untill that dam vix breaks below 30 or so i dont see much hope for a lasting rally. its still over 50. Next stop 990, then maybe 955? unreal to contemplate!

Its moving too fast adjusting my stop limit frequently.

Stop limit hit @1057.25.

31.5 points..

Done for the day.

should run to the close... 1073 area?

short at 65,,,

edit - stopped at 65.75

You are right koolblue i closed in too early.

Cash Dow 10,000

*applause* for the PPT

I believe in Miracles !

I took a break from the afternoon session and WOW!! My 105 calls are positive almost a point and my 110's from Friday that I avg down are almost in the black. Unreal, I love options....I see pop and kool had a good day. bruce hang in there you'll get it back, as I am sure I will as well....GS came flying back almost up what a day

You "could" figure them down so close to where there only pennies apart. But thats not the way they are used by me and also Gann. Here are the numbers I use, these are about 19 points apart, some more some less....

993
1009
1025
1041
1057
1089
1106
1123
1140
1157
1174
1191
1208
1225
1243
1261
1279
1297
1315
1333
1351
1369
1388
1407
1426
1445


Some common sense should be used...like don't trade these alone mix them with something good like $TICK, Market profile or RSI, If a market is doing a breakaway gap don't expect much on a counter-trend trade instead go with the trend after the number is broken. Treat them like everlasting pivots....


A good ex for a scalper would be the ES right now 10-7 at 2:30 the ES hit a high of 1042.5 thats close enough to my sq nine at the same time the 1 min RSI is overbought and the $TICKS are at the highest levels of the day, so it falls and falls to where? the next sq nine 1025 at that time the $TICK is reading -1000 time to get out of the short and go long. I have never seen them go from sq nine to sq nine so fast 2 years ago it could have been up to 3-4 days before hitting another sq nine and we would play the ES to death off that single S/R number using only a few other simple tools.

P.S. I trade front month until there is less than 5 days of time left then I switch to the next month and I only trade those exactly in the money.