I was just reading thank you! we are doing good. Family in town and very busy. Hope all of you are doing well. Crazy market – wish I could watch. I still own 90 May 122 puts but closed out my 119 puts just a little while ago. Looks like we are about to take a nose dive.
June S&P E-mini Futures: Early this morning the ES gave back almost all of yesterday's rally. This weak action leads me to believe that the market will drop below last week's 1177 low, probably down into the 1162-68 zone. Today's range estimate is 1178 – 1192. Even so, I think a swing to 1270 will begin soon.
1187–1202 actual yesterday (15 points) 1185.50-1199.75 range last night (14.25 points) 1178-1192 estimate for today (14 points) 1185 currently, so estimate is -7 to +7 from here (neutral)
I hope it does, but will all the open interest on the put side, I really doubt it. The only unknown is if the majority of those puts were something that the market makers want too pay out on…. maybe because they took those positions themselves?
Other then that, I can't find any reason for them to close it down into opx. If May the 16th is the final low, then they would only have 3 days to rally the market into opx on the 19th. I'm sure it's possible, but from what I've noticed, most major sell off's are right after opx, which allows them to rally into opx, making those put options expire worthless.
Anyway, what are we looking for on Wednesday's close to give us the answer of 6 or 12 TD's? Is your support line around 115.00, like I have too? If 115.00 breaks, then I see 107.38 in the cards, and a 12 TD event instead of only 6.
I was just reading thank you! we are doing good. Family in town and very busy. Hope all of you are doing well. Crazy market – wish I could watch. I still own 90 May 122 puts but closed out my 119 puts just a little while ago. Looks like we are about to take a nose dive.
Monica,
If you're out there, pop in and tell us how you and your baby is doing. Much better today I hope…
Red Flag Alert
Operators gapped $NDX below 2004
Co-relational 4.13.2010 close of 2003.81 to 5.4.2010 open of 2003.59
Red Flag Alert
Operators gapped $NDX below 2004
Co-relational 4.13.2010 close of 2003.81 to 5.4.2010 open of 2003.59
Ritual Sequences in early May
5.10.2010 = 942 CD from 10.11.2007 (Pi Ritual)
5.11.2010 = 999 CD from 8.16.2007 ( Sun Ritual)
No… Sundancer drunk! LOL
That I'd like to see…
Carl’s morning call:
June S&P E-mini Futures: Early this morning the ES gave back almost all of yesterday's rally. This weak action leads me to believe that the market will drop below last week's 1177 low, probably down into the 1162-68 zone. Today's range estimate is 1178 – 1192. Even so, I think a swing to 1270 will begin soon.
1187–1202 actual yesterday (15 points)
1185.50-1199.75 range last night (14.25 points)
1178-1192 estimate for today (14 points)
1185 currently, so estimate is -7 to +7 from here (neutral)
Sorry, I must be drunk I can't count, it's 5.12.2010 not the 16th
So that changes the dynamics relative to OPX
I'll post some long term charts later, but we're perfectly on track for a late June or early July top
Red,
I sold my TZA already. Too early, the way it looks.
Carl is good at this. And struggling. To me, that means the market is hard to trade, and somewhat goofy at the moment.
If I didn't think Carl was really good at this, I wouldn't be tracking his every move 🙂
I hope it does, but will all the open interest on the put side, I really doubt it. The only unknown is if the majority of those puts were something that the market makers want too pay out on…. maybe because they took those positions themselves?
Other then that, I can't find any reason for them to close it down into opx. If May the 16th is the final low, then they would only have 3 days to rally the market into opx on the 19th. I'm sure it's possible, but from what I've noticed, most major sell off's are right after opx, which allows them to rally into opx, making those put options expire worthless.
Anyway, what are we looking for on Wednesday's close to give us the answer of 6 or 12 TD's? Is your support line around 115.00, like I have too? If 115.00 breaks, then I see 107.38 in the cards, and a 12 TD event instead of only 6.