that's what I'm thinking. I'm a little hesitant to buy the S&P right after it when up 17 points. Gonna be patient and wait for it to come down a bit. cheers,
Just Bought S&P at support - 1190 With Crude Oil down 3% today, I'll take my chances here. I'm willing to give it 10 days. May take profits sooner if they appear. cheers,
what instrument did you use to get into the SP at 1190? my info shows dec ES traded down to 1192.75 only
I was quoting directly off the S&P chart, not the Dec05 futures Strange day today, with Russell down 1% and Semis up 1.2%
Liquidation in the nation! two back to back AWESOME trade days! screw the new VIX --- watch the TICK!
yep --- yesterdays rally was another gift to fade at the close in a downtrending market --- and it may take some curb days to finally get the shake out needed to get a short term bottom.
Only lost 13 points on my trade so far!! I'm willing to give it some more time. However, it may soon be time to consider a graceful exit strategy and take a mild loss. Today's sell off was disappointing considering Crude Oil was down over 2%. And after droping 13% yesterday, the VIX rose 13% today. :eek: I have no idea what that means... This is some fun market, eh?