Remember one thing imo, even though 1172 SPX is led wall of resistance, indices have a tendency to go through resistance, only to get obliterated once they have shaken all the shorts out. You have to be nimble around 1172 and be willing to have some position on around some average. Imo, it is a max unit short opportunity if we reach it.
NFV 1123.77. ANFV 1167.01. SPX 1156.08. All models going much higher. Hard to believe that SPX won't follow sometime soon.
nitro's family notified via FIX messaging that their dearly departed's body has been entombed in a shrine in the lobby of the CBOT.
there are so many longs waiting to take profit(resting offers) that it sometimes turns early as those who own the electromic order placing mechanisms can see all the orders,yesterday afternooon es should have reached 60 and it turned at 58.75 ,how many times did es turn at 48- 50 before reaching 53,just something to watch
Hmm..... 1170 on the opening? When willl the debacle finally be put to bed..... What is 17x 2011 earnings of $80 on the SP500?
And you wanna talk about FAIR VALUE? What is fair value of a shiney commodity that costs $250-$450/oz to remove from the ground? If you started shorting that one, you would need to have more capital than the fed to survive!!!
NFV 1114.5. ANFV 1157.34. SPX 1158.52. That is a nice move lower on the models! SPX is holding on, but for how long?
NFV 1113.57. ANFV 1156.09. SPX 1160.91. Getting close to 50 edge so stay on toes. Too bad, I was hoping that would happen with SPX closer to 1172 SPX. Mo matter, we are disciplined and take what we see.
NFV 1111.42. ANFV 1152.36. SPX 1157.67. We have not caught todays SPX undulations at the right time to get 50 edge. I got a feeling third time is a charm. Stay tuned...
NFV 1110.5. ANFV 1150.87. SPX 1152.18. I am chatty today, but I was pretty sure we would get to add 50-edge units today. Odds are now close to zero that we do. I could have put on very close to 50-edge near the open when it was about 48, but it seemed premature. That's trading...