Monday, August 30, 2010

For the Nimble

I think you can buy the ES around 1057-1058 and sell it at 1070 later today or tomorrow morning.  This is not recommended for longer term traders and is a bit risky, dancing between the raindrops.  Short is the side to be on for the next couple of weeks until we bust through 1000.
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5 comments:

  1. jryan8/30/2010 10:30:00 AM

    what price level would you use as a stop, owl ?

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  2. Market Owl8/30/2010 10:51:00 AM

    I wouldn't use a stop, just a time based trade, with a price target of either 1070 or closing time target at tomorrow's open.

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  3. Petsamo8/30/2010 01:43:00 PM

    I miss you too, jam !!

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  4. Anonymous8/30/2010 03:44:00 PM

    JAM, Where do you chat now a days? I miss you guys. SuperB

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  5. Anonymous8/30/2010 04:27:00 PM

    http://chat4traders.com/Home.html

    @MarketOwl .. sorry man - as u can see ur site is a very well known place ... :-)

    ReplyDelete