ES 1-5-2009

Watching the 910 area this morning...

VAL 910.25

910.50 is the 61.8% retrace level of Friday's up trend.

Below 910 we have the 904 level:

Weekly Pivot Point at 904
Daily S1 at 903.75

904.25 is the 78.6% retrace of Friday's up trend.

POC at 913.75... will probably be ignoring this level today.

Pivot Point 918.25... will be ignoring this level also.

flat 24.50

VO, thank you.

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Originally posted by prestwickdrive

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Originally posted by prestwickdrive

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Originally posted by VOwater

PWD...got any comments on TLT! Thinking about selling my puts here - what says you?

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I think you have a shot at getting the TLT to the 113.25 area but it may be worth it to just get out with less lost skin than what would have happened last week. Barron's was really negative on Treasuries this weekend and I think they are right, fwiw, but you are dealing with time decay too.

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VO - they are getting closer

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LOD 112.60 - WOW

I took $3.50, which means it will close next thurs @ 103

THEY RAN THE WHOLE DAY AND WENT NO WHERE

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Originally posted by VOwater

I took $3.50, which means it will close next thurs @ 103

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I locked in my rate on my mortgage refinancing on 12/24 so that's OK with me.

PWD did you get 5%?

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Originally posted by VOwater

PWD did you get 5%?

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5.25, no points or closing or any other fees - just sign

perfect!

bigs -18000 now

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Originally posted by Margie

myptof, I thought you were joking the other day, hilarious!

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lol, no its real...its just a divergence trade, need to have been in a trend and a higher high or double top (or close) The divergence is the big thing. I ended up drawing eyes and naming it for my own amusement. I've been calling it the Batman for years now.