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

HAD to wait for it to break the previous flag line so it woulnt be a 'reverse' kiss of death(for the bears) at around 896.50

first objective is about 883

my stop is at 901 so if killed im flat on the day.

kool/Joe/Bruce - I see the three of you as that small group of kids you always see surfing the hurricane off the coast of South Carolina. I applaud you all... from the beach.

"Calm seas doesn't make a good sailor" -wise man says

personally trying to get on a long I think they can push it either way as thin as it is but it would be in THEIR best interest to melt it higher

LOL , at least im not afraid of the water son!

flat for the day... watching

"Land lubbers have no damn business at sea. Period." - a sailor

Sorry Kool didnt see your question till now been on the phone, currently Im bullish

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