Here is Wednesday's Post so that you will be able to comment to one another today. I will be gone Wednesday - Friday on personal family business. I will open posts each day for your comments and communication to each other. All the best with your trading.
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Our Thoughts and Prayers, with you always.
ReplyDeleteWith gratitude for your kind efforts.
Francis
Bought puts on dia with the lower hi on the 5's @ 84.60 out with 1 @ 83.50 1 more @ 83.25. Looks like we are bouncing so I will stop out of the last 1 @ 83.50. We will see.
ReplyDeleteAfter viewing the GM/F/Chrysler financial plea before congress I am going to wait for the market to respond
ReplyDeleteGot into some dia calls @ 82.75 stop @ 82.40. Hopefully we bounce or we will probably see lower lows. That idea is scary!!
ReplyDeleteBought a call on OXY this morning. DO looks good too. Keep an eye on ABT and APOL, RIMM.
ReplyDeleteGreat trade Steve. I completely missed it. Looks like we have another low volume selling day...
ReplyDeleteJoe
Moved my stop to breakeven and got stopped out. We hit new lows. I am out unless we get a real break either way.
ReplyDeleteIf we close lower than the low tails on the spy that opens a big door to the down side. Like I said SCARY!!
Insitutional buying occured around this time yesterday? Gonna happen again today since were back near the lows from yesterday? By the way, you think we could have predicted most of the day would have been down if we compared Declining Volume to Declining Issues? Looks like volume just kept going up while issues slowed down..
ReplyDeleteJoe
Great Put trades Steve!
ReplyDeleteSPY $82.50 area holding so far?
Francis
WOW, closed on the lows!!! The financials got hammered. The next support I see on the dow is 7500 then 7000. Just when you thought it couldnt get any crazier.
ReplyDeleteThanks for the comments Joe and Francis.