We were down at 1041.5 but then the market got in an awful hurry, and left me behind. So now I am still on the sidelines and the market is at 1045. It will not come down much again, but I will look to buy if it does.
The wild gyrations continue, and after going up more than 1 percent to a high of 1052.75, the market fell to 1034.5 which equals 1.75 percent. I went in too soon of course, but luckily the market rebounded somewhat to close at 1039.25, where I am holding overnight, with a loss for the day of 2.25 points.
It was kind of a cold shower watching the market take a nosdive this morning, and the thing that kept me in the long position was my still positive look on the week as a whole. Now many people probably starts to think that we will go down for sure, and right then the market usually throws in some nice upside. Holding long position and the day is right now in the black with 2 points. Time is 10.26 CET.
could you be so kind as to tell me where do you trade the OMX? are you trading the index itself or options on the index ? thanks, moshe
Last position sold at 17.18 CET for 1048. Profit was 6.5 points for the position but 8.75 points for the day.
Market settled in at 1046.75, after a low a few minutes into the session at 1034.5 and a high of 1038.25 a couple of minutes before the close. Went flat just before the bell because its about a coin toss if we pop up or down tomorrow morning at the open, and after the last few days volatility, I though I'd better take some profit home while I got it, and also be more flexible to play the open either way. Because I am not all that against playing the short side any longer if the right set up appears. Week is now more solidly in black at plus 12 points.