Hmm I wonder if we will close back near 1326 on the SPX today. for the ES, if we move below 1339, I think we head lower from there. Right now still sideways off of the ES high of 1343... Will watch it and see how the day runs.. I have a short ES order at just below 1339...
Tyrant, Although Mo takes little credit for his contributions, most of us here appreciate his words of wisdom.... his insights and well versed responses have much deeper meaning than what one would first interpret. Take his advice to heart.... it is some of the best advice on this thread. M~
>I am new to options May I suggest that you check out http://www.optionplanet.com/ They have excellent classes and, for the most part, are free.
I'm not sure it'll go down this week. At this point I think we'll have to go to the all time high on the Dow first. I've been scalping long futures on intraday dips, but my core postion is still short and have also been adding a few CTM call credit spreads.
Dude, depends on your posts per page settings. Might want to give a date as reference. For example, Your msg is on page 262 by my settings. You mean I got to wait until 2012 AD till I read these informative posts you speak of?!
There was an inverse head and shoulders pattern on the ES 5min chart which broke out to the upside around 2:00 PM. 1346/1347 is the extent of the measured move and I would like to see us pull back off of it into the close and into 4:15 PM. If not then we will certainly test the ES high of 1353. Not going to adjust my 1340EW/1360ES diagonal yet as the 1340 calls have about 3 points of time value premium..
Upper right hand corner click on Your Account. On the next screen click on Edit Options. Scroll down and change Default Posts per Thread by using the pull down box.