Friday, October 24, 2008

hard to believe that 10am 966 and noon 976 What volatility??

LOL

not sure what to think but sold a DEC 1000 call for 22 and finally made a day trade up from 974 and 978 to 986

yesterday i had 884/8440/1208 as key swing points and now we are back below them all (although the NDX seems a little stronger)

have to make an airport run during the 2pm-3:30pm afternoon witching hour

did Oil actually bottom today at $63 we will see. any "real" interruption of supply will be the catalyst for higher prices. otherwise OPEC may be able to slow the descent by giving a lower side support to the long term players who are thinking $35-50 is possible for the final low

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