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ES 10-16-08

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
lol, great trading as usual, Joe.
im cancelling my sale ..getting late
I would have liked to seen the market move up sooner than when it started I would have bought some puts on close. Might still do it though.
wow its really thrusting up...
I'll sell around 945-950, maybe.
80% rule triggered to VAH at 969-73 area.
Well, for my money ,i just dont trust these parabolic up moves. VERYtypical bear market behavior. itll be interesting to see the closing stats today.
LOL most traders don't like to short. I personally miss buying most of the time. As much as I love these moves, I miss the new highs...
Buying the highs 939, just like the good ole days...
you know the 89 period mov avg on the 60 min. chart comes in at 950! Your a freakin genius ,Bruce!
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?"