Well, of course I don't want to embarrass you. Perhaps I misunderstood what it was you wished to copyright.
Have had a draining day semi-daytrading the OEX (only semi as I bought Friday) and trying to convince my long-suffering broker that YES we'd rally into the close. And so we compromised and put in a limit order. I hate limit orders. And of course we got hit. So 150% is fine, but 200% is better, no? Arrrrghhh, he doesn't understand the power of candles...
So what's up for tomorrow? Are we afraid of the retail sales number? Naaahhh, I say. But techs weren't looking great today. So whaddya do? Short the MSH? Go long the OEX...again? Trouble is, we're at stratospheric levels and if it's calls you want the nearest strike tends to be below the actual index level. Now even with the OEX--nothing higher than 820s. Weird. And just try the MSH or XMI or NDX. When are they gonna DO something about this? It's a real problem. If you want to buy MSH puts tomorrow--nasty double doji formation, doesn't look good, but on the other hand its been trading in a box, going down a bit, and so might break out on the upside--but where was I?, anyway, you wanna buy 'em, and the nearest strike is still 15 points out of the money, AND they're asking 1 3/4, AND since they're European style trading stops Thursday on the close.
What to do?
Oh--if anybody's actually got this far--just thinking out loud. Losing it badly, I'm afraid. If I'd known twenty-five years ago what I know today I'd just have become a professional gambler...
Never mind.
Janice |
