Monday, May 11, 2009

Expecting some support at SPX 901

Volume patterns so far look bearish. Still holding SRS loaded last Friday, avg cost $19.75

10:28AM, loaded some SPY MAY 98 PUT at $6.4
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6 comments:

  1. AnonymousMay 11, 2009 at 10:09 AM

    when do you plan to unload SRS?

    ReplyDelete
  2. Pivot TrendMay 11, 2009 at 10:13 AM

    when spx hits 901 or at today's close or effectively break down $20.50

    ReplyDelete
  3. UnknownMay 11, 2009 at 11:47 AM

    thanks..

    ReplyDelete
  4. AnonymousMay 11, 2009 at 2:28 PM

    Do you plan to close these positions before market close? It seems bulls hold the market pretty well

    ReplyDelete
  5. Pivot TrendMay 11, 2009 at 2:34 PM

    I do have that plan in my mind, but I need to see how market moves to close before making a decision.

    ReplyDelete
  6. Pivot TrendMay 11, 2009 at 2:35 PM

    Yeah, bulls are not giving up, esp, techs are very strong

    ReplyDelete

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