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

Sort 900.75 right on the bottom.

It is great trading, up 14... used to be that would take 3 days! But very dangerous! Im basically bullish, but have to see how we behave at the numbers i mentioned

$TICKS have a nice base at -600 and not breaking this may be good...

Targeting 875....

doesnt look good! proj are now 888(at least)

I was pointing long before the open but am just sitting waiting for some more indication now

bingo! a quick rebound then 880

886 is sq nine 890 good enough +10.75...+33.75 today. If I wasn't short I would have gone long there...

selling one

sold one 898.00, 3 point stop looking for a retest of 888

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