rhight
Posts: 608 Joined: Mon Jun 20, 2011 10:31 am
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by rhight » Mon Dec 05, 2011 4:57 pm
SB73 wrote: jimme wrote: jarbo456 wrote: alright then. so who's holding short overnight?
i have to say, owning puts on XLF isn't really all that exciting. -_-
I am ready for the upcoming 2 day event.
yes sir 2/3 of the position.
I took out a discretionary short at SPX 1264 (200DMA) with a stop at 1275, risking $300 loss, via SDS. SPX 1275 is about 4 points above the downtrend from the July High. Expecting a minor swing low, not necessarily a new intermediate downtrend.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
SB73
Posts: 1265 Joined: Wed Sep 14, 2011 12:20 pm
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by SB73 » Mon Dec 05, 2011 4:59 pm
Just me, but I do not see a new high tomorrow. If we do I will be taken out of my shorts.
Cobra
Site Admin
Posts: 58491 Joined: Sat Feb 12, 2011 10:29 pm
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by Cobra » Mon Dec 05, 2011 4:59 pm
well, guess that's it for today. although the intraday action seems bearish but I won't make my bearish move too early after all this is against the trend. Thank you guys, I'll see you tomorrow.
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jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
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by jarbo456 » Mon Dec 05, 2011 5:00 pm
wow. quite the kick save at the end of the day. took down a few of my shorts, but still holding the majority overnight. i'm not sure what's going on.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Mon Dec 05, 2011 5:00 pm
cellphone wrote: The ball is in bear hands now
Well hello Bill
How's things?
U a fan of Cobra too?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
StrikePrice
Posts: 770 Joined: Wed Mar 30, 2011 1:27 pm
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by StrikePrice » Mon Dec 05, 2011 5:01 pm
That's what you call Dow 12,000 support. Nice close.
Of course, I'm clueless and will guess a gap down and turnaround to a higher high tomorrow.
Petsamo
Posts: 3339 Joined: Thu Jun 30, 2011 2:22 pm
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by Petsamo » Mon Dec 05, 2011 5:01 pm
6.3 million last buy on SPY. Looks like we gap up fellas.
Twitter @jackwag0n
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
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by jarbo456 » Mon Dec 05, 2011 5:03 pm
Petsamo wrote: 6.3 million last buy on SPY. Looks like we gap up fellas.
do you have stats on the last buy/sell predicting the next day's open?
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
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by jarbo456 » Mon Dec 05, 2011 5:05 pm
SPY just got bid up another 50 cents post 4pm. wow.
Me XMan
Posts: 2014 Joined: Thu Feb 17, 2011 12:01 pm
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by Me XMan » Mon Dec 05, 2011 5:06 pm
Oh yeah...stick save...more gap up tomorrow
jarbo456 wrote: SPY just got bid up another 50 cents post 4pm. wow.
Me XMan
Posts: 2014 Joined: Thu Feb 17, 2011 12:01 pm
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by Me XMan » Mon Dec 05, 2011 5:07 pm
They gonna play this gap up and sell tomorrow.
Petsamo wrote: 6.3 million last buy on SPY. Looks like we gap up fellas.
Buckethead
Posts: 141 Joined: Fri Oct 28, 2011 10:48 am
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by Buckethead » Mon Dec 05, 2011 5:13 pm
Close at low of day not as good for gap down signal as closing OFF the lows.
I like how everyone is skeptical of a gap down
Petsamo wrote: 6.3 million last buy on SPY. Looks like we gap up fellas.
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
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by jarbo456 » Mon Dec 05, 2011 5:15 pm
Buckethead wrote: Close at low of day not as good for gap down signal as closing OFF the lows.
I like how everyone is skeptical of a gap down
Petsamo wrote: 6.3 million last buy on SPY. Looks like we gap up fellas.
it was a kick save, but it didn't last long. SPY is settling at 126...all that buying into the close looked worse (for bears) than it ended up being.
Me XMan
Posts: 2014 Joined: Thu Feb 17, 2011 12:01 pm
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by Me XMan » Tue Dec 06, 2011 10:04 am
I'm trading with my new Gap-up and Gap-down play today.
Have long and short positions on SPY as of yesterday close.