DrStool Posted March 14, 2008 Report Share Posted March 14, 2008 This is how an illiquid broken system behaves. Will only get worse, I think. Link to comment Share on other sites More sharing options...
tdultima Posted March 14, 2008 Report Share Posted March 14, 2008 short term indicators turn down today shit hits the fan starting next week Link to comment Share on other sites More sharing options...
potatohead Posted March 14, 2008 Report Share Posted March 14, 2008 for those who are long......... from CArl Futia E-mini Update I'm still long from 1284 this morning but I want to see the market close at 1281 or higher. Otherwise I'll get out and try again next week. posted by Carl Futia at 12:44 PM permalink 0 comments Long the e-minis I just bought June e-minis at 1284 at the level of yesterday's low. I will junk this position if the market shows any preference for trading below the 1270 level. Link to comment Share on other sites More sharing options...
GregFokker Posted March 14, 2008 Report Share Posted March 14, 2008 Nervous for the price of oil - just managed to get pretty good premium shorting USO puts that expire on Thursday of next week. Why someone would pay for puts that are 10% OTM with 4 days to expiration is beyond me- unless there's a slaughter planned for the oil market next week Link to comment Share on other sites More sharing options...
Charmin Posted March 14, 2008 Report Share Posted March 14, 2008 short term indicators turn down today shit hits the fan starting next week 651557[/snapback] Maybe we'll wake up Monday to China unpegging from the dollar. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 14, 2008 Report Share Posted March 14, 2008 With action like today's, it's nice to just relax and kick back after the close. Link to comment Share on other sites More sharing options...
tdultima Posted March 14, 2008 Report Share Posted March 14, 2008 don't like the volatility? just do what i do: short and hold Link to comment Share on other sites More sharing options...
fxfox Posted March 14, 2008 Report Share Posted March 14, 2008 for those who are long......... from CArl Futia E-mini Update I'm still long from 1284 this morning but I want to see the market close at 1281 or higher. Otherwise I'll get out and try again next week. posted by Carl Futia at 12:44 PM permalink 0 comments Long the e-minis I just bought June e-minis at 1284 at the level of yesterday's low. I will junk this position if the market shows any preference for trading below the 1270 level. 651559[/snapback] they are all effed! monday morning will tell it. DAX right now directly at 6400, either it marks here a tripple bottom on the daily, which would be very strong sup afterwards, or it breaks down. I guess it breaks down, cause 6400 is technically a non-levle, there is nothing, no fibo, no important EMA, nothing. Does someone really beleive that the FED goes full steam here to defend the 38 fibo, i mean the one from 2002 low in S&P which is at 1267? Never ever. They need their firepower to defend the 62 fibo or even when S&P tries to go below 1000. I can imagine seeing just 2 weeks from now 1175 in S&P which is the 1175. I really can imagine that, what speaks against it? Link to comment Share on other sites More sharing options...
fxfox Posted March 14, 2008 Report Share Posted March 14, 2008 Nervous for the price of oil - just managed to get pretty good premium shorting USO puts that expire on Thursday of next week. Why someone would pay for puts that are 10% OTM with 4 days to expiration is beyond me- unless there's a slaughter planned for the oil market next week 651561[/snapback] why not? 110 is definitely not a market price, it only wnet up so much because every hedgie in the world is long oil, let some of them blow up over the weekend and early next week and oil will get punch IN DA FACE! Link to comment Share on other sites More sharing options...
GregFokker Posted March 14, 2008 Report Share Posted March 14, 2008 why not? 110 is definitely not a market price, it only wnet up so much because every hedgie in the world is long oil, let some of them blow up over the weekend and early next week and oil will get punch IN DA FACE! 651566[/snapback] I'm willing to own this stuff, even at a loss for awhile. I've been long since 1999-2000. Last time I checked, small specs were shorting oil at 100. Bummer for them. They're not making more of the stuff, and China wants theirs. The charts are toppy, but that's what bull markets are all about. For anything more than a trade, the only place to be is long this stuff. Anyhoo, I hope I don't have to get exercised on those short putz Link to comment Share on other sites More sharing options...
fxfox Posted March 14, 2008 Report Share Posted March 14, 2008 USD/JPY closed below 100 USD/CHF closed below 1.00, that means for the first time in history Swiss Franc is worth more than the US Dollar. Link to comment Share on other sites More sharing options...
Bungster Posted March 14, 2008 Report Share Posted March 14, 2008 Where did bondtrader go? I entered a small dong at the close for the NDX. It is at support and it may be a very short trade.... We closed at 1713 and support is at 1710 or so... Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 14, 2008 Report Share Posted March 14, 2008 USD/JPY closed below 100 USD/CHF closed below 1.00, that means for the first time in history Swiss Franc is worth more than the US Dollar. 651568[/snapback] It's all because we took the bells off our cows. Link to comment Share on other sites More sharing options...
Bungster Posted March 14, 2008 Report Share Posted March 14, 2008 Bush says they will take "appropriate steps" to stablize the markets....ARE THEY GOING TO CLOSE THE MARKETS? http://www.bloomberg.com/apps/news?pid=206...gh7M&refer=home No worries...he's on top of it! Link to comment Share on other sites More sharing options...
Sudaca Posted March 14, 2008 Report Share Posted March 14, 2008 Link to comment Share on other sites More sharing options...
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