Anyone scalping the FTSE Futures??

[postman]

No more pull backs anymore.Dow 17,000 for Christmas. Santa rally and all that.

Unless we close at 15655 today.

Will it close higher or lower or stay right here?

 

[postman]

Just snaffled a few points on the downside before open. I'm going long early and just leaving the position open today.

90 points so far. More than made up for yesterdays efforts.

 

[SuddenDeath]

90 points so far. More than made up for yesterdays efforts.

excellent stuff



i think u have been "dip buying"

 

[Dentalfloss]

79.75 a big area on dollar index
trend res and horizontal res
12 hour chart
watching that

 

[SuddenDeath]

upside target is 683

18pts to go, why so slow?

the ig daily options are looking very attractive.

 

[SuddenDeath]

ig daily 600 dow call went from 2 to 64

 

[postman]

ig daily 600 dow call went from 2 to 64

I think I'm going to have to start trading option again - that was a silly price.
I stopped trading options when I got burned on some Reuters calls the price dropped 50 points on the day of expiry making the options worthless only to go up again the next day....

 

[SuddenDeath]

I think I'm going to have to start trading option again - that was a silly price.
I stopped trading options when I got burned on some Reuters calls the price dropped 50 points on the day of expiry making the options worthless only to go up again the next day....

also postman you can raise the 2 cost of option by selling an out of the money put, so you have no risk and no loss if it goes wrong, but would have to defend the level of the naked out

the call went from 2 to current high 72

the 500 put could be sold for 8. so you could sell on of them and buy four of the calls


wonder if we have seen the highs 671, or will they come in 30mins before close and buy it up

even if it did not hit our 683 target we would still clean up and have little chance of loss.

you could do a put spread and use the credit to finance the call also. this would be safer

want an example?

 

[Dentalfloss]

dow trends on 4 hour

note the last p/b to supp and then a break

 

[Dentalfloss]

you got horizontal res at 15720 area
lets see if it takes it out

 

[postman]

I think that's it for tonight. A big jump up would be a surprise. BTFD.

 

[postman]

"We are only 24 hours from Taper".

 

[SuddenDeath]

I think that's it for tonight. A big jump up would be a surprise. BTFD.

agree with that

vix has 13 handle

 

[SuddenDeath]

maybe I will get my 683 ? only 9.6 away now

 

[postman]

So - we've just had 1000 points on the Dow in 3 weeks.
Its 9 weeks to Christmas.
By my estimates that makes 18,700 call it Dow 19,000 for year end.
I wouldn't put it past them. Mad as a box of frogs.

 

[Vasco da Banana]

So - we've just had 1000 points on the Dow in 3 weeks.
Its 9 weeks to Christmas.
By my estimates that makes 18,700 call it Dow 19,000 for year end.
I wouldn't put it past them. Mad as a box of frogs.

Who wouldn't buy with all that great news today?

I'm thinking of a late short punt.

 

[postman]

Who wouldn't buy with all that great news today?

I'm thinking of a late short punt.

The Dow has risen nearly 1,000 points in 3 weeks with no hint of selling at these levels. Why would you want to short it? No one is selling, just ramping the prices up and up and up.
Just my opinion.

 

[SuddenDeath]

The Dow has risen nearly 1,000 points in 3 weeks with no hint of selling at these levels. Why would you want to short it? No one is selling, just ramping the prices up and up and up.
Just my opinion.

I agree with postman,

tell him about the higher lows

 

[SuddenDeath]

think dow being affected by the 10 handle rule of mrtopstep
es range is 10 handles

 

[postman]

Wow Dow 15,656 I cant remember when I saw prices this low. 15653 close....