ES 10-16-08


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  • koolblue
  • 16-Oct-2008 at 9:27 AM
  • Rep: 48.6k
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wow, a crazy globex session basically coming out flat. Volitility is very high, so entries and exits have to be quick! looking to buy near the open
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  • koolblue
  • 16-Oct-2008 at 10:35 AM
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selling 895
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  • CharterJoe
  • 16-Oct-2008 at 10:36 AM
  • Rep: 4,475
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Short again avg 885
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  • koolblue
  • 16-Oct-2008 at 10:40 AM
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heres the 880 test cycles not due to let for at least 5 min. tho ... previus sell cancelled...watching
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  • koolblue
  • 16-Oct-2008 at 10:44 AM
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downside press from cycles subsides some where around 10:54 or so(give or take). As i suspected ,first retest of 880 is holding but i dont believe it will last all day!
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  • CharterJoe
  • 16-Oct-2008 at 10:48 AM
  • Rep: 4,475
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good call kool, I don't look for it to hold either. Like I said yesterday 750 is a modest projection I had for this week or early next week. This thing is sick, but cannot slide south for ever.
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  • koolblue
  • 16-Oct-2008 at 10:51 AM
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current upside proj.(unless we touch 891.50 again) is around 903.50. currently 5 min. boll avg is 900 and falling fast, and the 54 avg. is 907 and falling
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  • BruceM
  • 16-Oct-2008 at 10:55 AM
  • Rep: 216k
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I'm looking for buyers to step up to the plate today and would like them to start building value above that 893 - 899 area....I was / am expecting 950 today.....if only I could get something going on the upside.
  • 0
  • koolblue
  • 16-Oct-2008 at 10:57 AM
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Igave a sample of longer targets last nite on globex... and there both below the current low.(originally i thought it would happen in jan. but now im not so sure!)
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  • koolblue
  • 16-Oct-2008 at 10:59 AM
  • Rep: 48.6k
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very short term i see 874 area, just hoping we rebound to 903-5 first!
  • 0
  • koolblue
  • 16-Oct-2008 at 10:59 AM
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  • Posts: 16k
boom!
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  • BruceM
  • 16-Oct-2008 at 8:44 PM
  • Rep: 216k
  • Posts: 19.9k
a friend sent me this tonight so I thought I'd ask you folks:

"These are for the November options.
Do you have a clue what the catch is?

Sell 94.00 puts 94.00 SWGWP make +$9.48
Short the SPY at $94
Buy 94 calls 94.00 SWGKP pay -$4.73
Net profit $9.48- $4.73= $4.75
This looks like a risk free trade to me.

What's the catch?"

Thanks

Bruce
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