When this 60 minute chart rolls over and starts back down, the momentum will be very large. I won't be getting out of my puts until I see some sign of it turning back up.
The hardest thing to do, is to hold your position. Many times people will bailed out when they breakeven, only to see the move continue in their direction.
This move up was like a rocket ship… the move back down will be just as fast and deep. Think twice about bailing out too soon, as this rollercoaster is about at the top, and this is what's up next….
That's why I'm going to drop some of my puts at 1149 or thereabouts. Can't afford to get caught in a rally. There will probably be a good one, as Sundancer has pointed out. If so, I'll buy some more stuff then.
VIX slowly climbing.
VIX stochastics look rather, erm, excited. Going to watch for a breakout.
Lossing an election can do that to you, if you were the leader of the losing party. lol
why did gordon brown resign as prime minister of the UK earlier in the week?
Gang,
When this 60 minute chart rolls over and starts back down, the momentum will be very large. I won't be getting out of my puts until I see some sign of it turning back up.
http://stockcharts.com/def/servlet/Favorites.CS…
The hardest thing to do, is to hold your position. Many times people will bailed out when they breakeven, only to see the move continue in their direction.
This move up was like a rocket ship… the move back down will be just as fast and deep. Think twice about bailing out too soon, as this rollercoaster is about at the top, and this is what's up next….
http://reddragonleo.com/wp-content/uploads/2010…
Doesn't look too healthy even though there was a large buy (apparently). It didn't react.
That's why I'm going to drop some of my puts at 1149 or thereabouts. Can't afford to get caught in a rally. There will probably be a good one, as Sundancer has pointed out. If so, I'll buy some more stuff then.
FXE is getting hit – watch it closely. Needs to break 125.
I am expecting fuel the last hour.on this volume.
They cannot let this flounder through tomorrow and opex.
I am having a hard time not adding positions today though.
Chop, Chop, Chop, Chop, Chop,…. man this is a tough tree to chop down.