I'm all in baby! Snagged some ES @ 1378 and ER2 @ 769. Ride 'em dirty into expiration. Cramer is my hero!!!
Watch 1350 on the s&p, if we break that its straight down to 1310. After 1310 is taken out I wouldnt want to be long.
Why would you want to be long from 1377 to 1310 though? In other words why would it take another 65 point or drop on top of a70 point drop the past two weeks for you to finally lose a long bias .
He is right, use Excel Phstat and get a standard deviation based on historical data. And reanalyze it.