Thursday, October 2, 2008

Added %25 ES short at 1130.5

50% from 1217
25% from 1130.5

target 1060,
mental stop 1162

16 comments by xTrenders :

aymon said...

attila, at what s&p level do you think a tradeable bottom comes in?

Greenie said...
This comment has been removed by the author.
Atilla M. Demiray said...

1035 +/-20

Greenie said...

Will you go long at 1060? Target 1175 :)

Atilla M. Demiray said...

Maybe, maybe not
Last Friday we ramped up into the weekend, this could be the opposite

anabolic said...

Atilla,

are there any signs of a reversal towards the close tomorrow?

thanks

johnboy said...

Atilla,

This isn't a high priority question - just ignore it if you want (because I know you're getting lots of q's at the moment) but I couldn't help but notice that NDX and RUT indices seem (to me) to show even more downside potential than SPX/ES. Do you have an opinion on these two?

Thanks again.

Atilla M. Demiray said...

anabolic said...

Atilla,

are there any signs of a reversal towards the close tomorrow?

thanks

Thursday, October 2, 2008 10:40:00 PM EDT

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I will have to study EOD data before i can answer but there will be a lot of downside tomorrow that is for sure

Atilla M. Demiray said...

johnboy said...

Atilla,

This isn't a high priority question - just ignore it if you want (because I know you're getting lots of q's at the moment) but I couldn't help but notice that NDX and RUT indices seem (to me) to show even more downside potential than SPX/ES. Do you have an opinion on these two?

Thanks again.

Thursday, October 2, 2008 10:46:00 PM EDT

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$SML and $RUT are catching up with the rest, they should plunge big tomorrow. they are lightly traded compared to the other indices and very volatile

GWBush said...

Attila,

There was no follow thru selling after the 777 decline on Monday, could we see the same tomorrow or do you see enough differences between today's and Monday's selling?

Atilla M. Demiray said...

Market rarely repeats the same pattern subsequently

doc4bax said...

tomorrow huh,, many are looking at next week as the big move,, oh,,I see.. next week will be the big move to 900 area.. tomorrow is just the primer,,

doc4bax said...

btw,, nice blog you have here,, very helpful,,you were over at TT werent you?

Atilla M. Demiray said...

Yes I was, but will never be again

anabolic said...

anabolic said...

Atilla,

are there any signs of a reversal towards the close tomorrow?

thanks

Thursday, October 2, 2008 10:40:00 PM EDT

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Atilla said

I will have to study EOD data before i can answer but there will be a lot of downside tomorrow that is for sure


Thanks Atilla, cuz I was thinking of shorting HK. any thoughts on Hang seng?

Thanks again.

Atilla M. Demiray said...

I am not following closely that one