Gotta love ZERO RISK in the SP500 = $$$

Discussion in 'Trading' started by makloda, Jan 27, 2007.

  1. ELPRADO!!!!!!!!!! Holy. Good to hear from you, I was fearing you were wiped out on your short positions :p Finally a real trader in our little thread!!!!!!!! Good to have you back!!!!!
     
    #1451     Feb 22, 2007
  2. S2007S

    S2007S

    now what does one do.

    Do you buy this dip, or is this the beginning of a small pullback. Its just too hard to tell, if things get really bad into the close it will be time to think over this situation.
     
    #1452     Feb 22, 2007
  3. Let's do some mental backtesting. Just close your eyes and think about what happened the last 999 times the ES went down 0.5% intraday. :D
     
    #1453     Feb 22, 2007
  4. S2007S

    S2007S


    They will blame it on anything, as for the iran news, I dont think its because of that. They will find any excuse than the real excuse which is that this market and every market around the globe is overbought.
     
    #1454     Feb 22, 2007
  5. S2007S

    S2007S


    yep climbed right back up.


    I still believe that the bulls own this market, even if were down again tomorrow.
     
    #1455     Feb 22, 2007
  6. :)

    I'm smiling because I just watched exactly what you guys are talking about..
     
    #1456     Feb 22, 2007
  7. weeeeeeee $$$$$$$$$
     
    #1457     Feb 22, 2007
  8. <i>"Let's do some mental backtesting. Just close your eyes and think about what happened the last 999 times the ES went down 0.5% intraday."</i>

    Well... I can't speak for you or <b>eqt</b>, but this is pretty much what happens to me intraday during similar events:
     
    #1458     Feb 22, 2007
  9. EPrado

    EPrado


    Thanks..glad to be back. I know you missed me. Have been busy trading other mkts. Came back in the SP the last few days...actually got beat up in em shorting (I know that brings a smile to your face). Luckily today caught it good after we failed to breakout.....made back 4 fold.

    Apparently there is a rumor going around about the terror alert being raised causing this. If there ever was a reason to buy , today is probably the day. I highly doubt the rumor is true..and if so...who cares.
     
    #1459     Feb 22, 2007
  10. EPrado

    EPrado


    Exactly.....now it is being reported that there wll be no raising of the terror alert. Dow will probably close up 50.
     
    #1460     Feb 22, 2007