today's action in terms of chart

Discussion in 'Trading' started by mikeenday, Aug 1, 2011.

  1. mikeenday

    mikeenday Guest

    it's forming a long tail, the tail direction, which is down, pointing to the direction the general market will try to settle.

    90% chance that market will drop another 130 pts tomorrow, and settles down to the low of today's range.
  2. mikeenday

    mikeenday Guest

    as expected, and I'm up 80k today.
    biggest one day SPY option trade this year.

  3. 90% huh. Then you'll be the richest man in the world in very short order.
  4. mikeenday

    mikeenday Guest

    as a well known fact, that you win some and lose some in this business.

    it's a good feeling though to see being correct and commit money to materialize it.