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ES-09-16-08


Well, here we are exactly where we are supposed to be. As per my posts the last several weeks i expected a panic low around the 15th, 1210-1211 or the other number i gave 1177. im long 2 es at 1177 and holding over nite. The news all day was horrible , even scary. the vix got over 30, and my downside number has been achieved. I went 100% my 401k at the close today.Is this a significant bottom? ALLthe pieces seem in place, but a rate cut by the fed would help. Time will tell.
but i was coming off a huge profit from my options trade, i felt it was worth the risk. I believe the price low gets made today, and we recover into the end of OCT. or early Nov.
Hoping for 1280.25, then 1283-85 on this trade.
going to bail soon, think were going to 1266 area.
out at 1274.00, sorry for the delay ... planning out an option play for later. looking to buy 1263-66 area
buying 2@ 1163.50
dam, missed it so far....
I have longs working from 80.50 and 69.25....looking for a snap back based on 90% days so this has a time stop of 4 days maximum or my 1210 target....
selling 2
short 2 @1282.00, 3 point stop
stopped out ...up 21 today
Hit 1217 exactly as it should have, gotta go 2 work, see ya manana!