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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?


To: Ramus who wrote (5357)8/15/2002 10:06:41 PM
From: the-phoenix  Read Replies (2) | Respond to of 11288
 
Walt: 40 more points tomorrow? Good luck!

FWIW - Max Pain for SPX is 900. That would be a healthy 50% retracement of this short-term rally. Seems more likely to me than 970.

JMHO!

Phoenix



To: Ramus who wrote (5357)8/16/2002 9:24:30 AM
From: Nemer  Respond to of 11288
 
your stop at 920 is a nice location ......

I haven't turned on any of my boxes since early evening yesterday ...
so, as I just now logged on to take a quick glance at the close to open moves, I saw your post ...
I left the house at 5am and just came back to get another carton of nails for the gun and a couple of new saw blades ....

did NOT take time to do much thinking/analysing/measuring/feeling/etc ... ggggggg

things LOOK STRANGE ... for some reason ... dunno what, and don't have time to stay and ponder/discover ...
but
my stoppers are still set at 908 .....

things really do look "odd" .....

phoenix and his observation concerning 900 MaxPain could come into play ....

matter of fact, think I'll move my stops to both go flat instead of SARing the agg .....

gone for most of the day ...

Nem

ps ...head is fine, remains hard .....gggggg



To: Ramus who wrote (5357)8/16/2002 9:42:21 AM
From: the-phoenix  Respond to of 11288
 
ES held 920 for that first morning pivot at the 9:38 reversal. Now that index options are settled (as of 9:35), they can run it back up for a while if they want.