Monti1, Thank you, I hope you like it. Your short position is the same as mine so it looks like we are on the same page. The only problem I have with your long is that it may be hard for it to hit 2 points without stalling. You should go ahead and use it if you want to though because if they are going to run it up this morning it will go right through your long position and into mine. That way we both get our points early. Looking at it this morning I think you are safe with it. 4re
Actually I was wrong with what I told you because. I would wait until 1283.50 to go long at this time due to early morning action. If you do decide to take it set a tight stop or be prepared to exit early. looking at the 15 minute chart we are looking kind of bearish this morning but they caould run it up first, a little. 4re
Do you guys and gals use "S&P pit noise".....I have found this to be one of the most powerful tools in a traders arsenal... it allows you to gauge whether the breakout is real or not in most cases.......
Yes it was. I actually did 2 trades this morning and got 2 points out of each. My second trade was the short at 1273. We stalled until the consumer confidence numbers came out and then BAM. Got it. Hope everybody is happy. 4re
I hope everybody made their money this morning. I am going out to do some real work, will be monitoring though. Happy trading to all. 4re/ Gary
I took the cross under on my 20 day moving average. I was seeing a bearish wedge forming so as soon as I saw the 20 day cross under I went short at 1275 and at 1273 I doubled up and exited at 1271.