Replies to post #8196 on Market Sense and Sentiment (MKTSS)

[was Steve]

TIMBER!!!!!

I was wrong and am happy. Will sell my puts today for a profit and look to reposition monday as well.
stve

[bbgold]

Cup and Handle?
It is normal to see this selloff to test Support after such a Nice Rally. Looking for a bounce from 7750. Hoping that it will Only be a Bounce. Using the Plan triggers for a Put trade I would already have a 50% profit on the Oct SPX 800 Puts. At 2 PM they were trading at $3.50 x 4.10 and are now 6.60 x 6.80. I think that I am going to like the SPX contracts. The problem is that it is difficult to follow both the DJX and SPX contract prices, Ugh

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!