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MarcVUM replied May 26, 2010Are you guys short E/U right now down to the Long Target?
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MarcVUM replied May 26, 2010From OptionMonster.com Big trade bets S&P could fall to 870 May 26, 2010 Wed 12:19 PM CT A big bet in the option market is apparently looking for the S&P 500 to fall as low as 870 by September. The SPY S&P 500 exchange-traded fund sees more options ...
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MarcVUM replied May 26, 2010A/U. PA has retested the broken TL on M15. Some people believe it's going higher... I don't know at this point.
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MarcVUM replied May 26, 2010Probably not a false breakout but PA just won't move at a decent speed upwards. There are probably better places for your money to be put to work.
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MarcVUM replied May 26, 2010G/U broke out of my triangle but the breakout is weak. I wouldn't worry too much about it.
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MarcVUM replied May 26, 2010A/U. My best suggestion is to let H4 candle close at 1pm est and then go long or go long at D R1 8346.
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MarcVUM replied May 26, 2010That's the sharp move I was looking for as stated previously.
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MarcVUM replied May 26, 2010
I should go hit a few balls on the range to clear my mind.Nearly Naked (Simple Trades)
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MarcVUM replied May 26, 2010Ya, I use the same principle. If I see PA consolidating near an S/R and then looks like it will spring I stay away from the bounce trade. If we are far from an S/R and PA is moving fast to it with long candles I will usually take the bounce trade. ...
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MarcVUM replied May 26, 20108359? I was tempted to take one at 8346 D R1
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MarcVUM replied May 26, 2010FYI. There is a gap higher on the SPY this morning. Shahab had a feeling earlier that we are going down today. Might be right as we need to fill the gap!
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MarcVUM replied May 26, 2010Cool! I have to admit that I got cold feet at D S1 and took my profits.
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MarcVUM replied May 26, 2010A/U. It's doing pretty well continuing the move up. If equities push higher than A/U should follow suit just as Amy mentioned. I'm not ruling out 8550. On H4 we are above 35ma. When the yellow 21ma touches the 35ma then be prepared for a sharp move ...
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MarcVUM replied May 26, 2010IMO...a H1 close above D R1 at 8346 and it will continue higher.
Nearly Naked (Simple Trades)