Next leg down on the YM has begun

11557 and falling

Wait until Europe opens down 4% or more.

 

Buying the gap

 

Seriously, how much lower can it go?

 

something very fishy here

 

How so?

 

It can go waaaaaaaaaaaaay lower, in fact I'm counting on it.

But I'm long for a trade. Gotta buy the gap.

 

I said I would go bullish around dow 11500-11750, think thats where the dow is headed tomorrow morning. Think I may buy a little on this drop tomorrow morning.




CONTRACT LAST NET CHGE
S&P 500 MAR08 1258.60 -6670
E-MINI MAR08 1258.25 -6700
E-MINI JUN08 1262.50 B -6750
NSDQ100 MAR08 1763.00 B -8650
E-NASDAQ MAR08 1764.75 A -8475
E-ND CMP MAR08 2367.00 P ----
BIOTECH MAR08 838.30 P ----
NIKKEI MAR08 12650.0 -910
NK YEN MAR08 12630.0 -900
RUSSELL MAR08 644.00 -3050
E-RUSSEL MAR08 640.90 -3360
E-MIDCAP MAR08 722.80 -3380
MSCIEAFE MAR08 2044.60 P ----
MINIMSCI MAR08 1124.00 A -580

 

Yup. Had to do it... I normally don't trade US indexs overnight, but it's just too tempting.

1:42 am EST
S 1 YM @11561, hard stop on @11596.

EDIT: 2:10am EST: stop lowered to 11556. Auto-pilot is on, and Im off to bed.


Osorico

 

Well that was fun. Like taking candy from a baby.

Allways buy the gap grasshoppa's