Black Monday

yip looks like PPT....got to break the spriral I guess....see if they last the distance...ISM down....

 

Black Monday turned sunny and golfing by 3 seems to be within reason.

 

let's hope for some more of equity selling in order to clean up ET forum - there are too many members now. Each point down in YM equals one ET soul

 

Here we go - 90 point swing in first hour.

Playing out just like Friday.

Plunge this afternoon.

 

wouldnt be suprised to see the dow surge again like it did 20 min ago

 

and surge it did.

 

Dow will close down 100+ points if it drops into negative territory before 2:00.

Naz and S&P will close lower regardless.

No conviction and weak economic data.

 

like I posted before, the rallies in this downtrend are better plays now that VIX and put/call ratios are so high. Until those two come down, i am going to game the long plays and leave the shorts to late-comers. Once we rally then i will start shorting rallies. Too much bearishness sentiment this week http://lauristonletter.blogspot.com/

 

What is the symbol for the underlying VIX of those options you are referring?

 

Lauriston:

Your logic makes sense for a somewhat longer-term play than intraday. Curious why you wouldn't build a longer-term position. That said, can't blame you for not holding a long position overnight, been the certain kiss of death lately.