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

quote:

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Originally posted by CharterJoe

I have an order to short below 901...If we break that no bumbs in the road until about 875, but plenty of resistance on the way up. Maybe longs not the way to go today...

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Next stop...taking out that low

Covered short @ 871.5...871 is sq nine. +13.5...up 51 today

As i said ,yesterday, if we just do what weve done for the last 2 days(range 111.25, 92.75..avg 102) then todays high 931.50 minus 102 is 829 or below the yearly low. No guareentees of course, the plunge protection team will act at some point, but its just something to keep in mind!

Short again 873

ill try to get short at 1 min. boll around 884....Incredible trading Charter Joe!!!

can anyone post the 9's squared below 871 if u have time thank u much

LOL even if there is a ppt, the U.S. markets lost 1 trillion $$$ yesterday, there's no way they have enough dough to slow something like that down.

Did any one read about this unregulated swap market is 500 trillion, thats an astronomical figure. Its on MSN business site. I don't see a problem like that going away by just flooding the banks with cash....

ill try to sell any 12 handle rebound... sigh

benny,

856
841
827
813

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