by Larry LevinI told you on Thursday this market wanted to see lower prices, but to be honest I didn't know it would come so quickly.
Don't get caught up in the hype about Friday being 20 years after the 1987 crash.
This market was primed to move lower and we will certainly see the S&P futures test below the 1500 level on Monday.
You know I love when the market goes lower because it's much easier to make money as the market moves much faster to the downside. Look for good short positions this week as there will be plenty of trading opportunities!
Real Time Trading Signals*for
Trade Date: 10/19/07
E-Mini S&P Trades*
(before fees and commissions):
8:34 B/A Sell 39.00 = +.75, +3.00, +2.75
10:34 FT Sell 24.75 = -1.50 all
11:21 ENG Sel 30.25 = +.75, +2.00, +1.75
1:07 ID VA Buy 33.25 = -1.50 all
1:28 ID VA Buy 22.50 = +.75, b/e,b/e
E-Mini Russell Trades*
(before fees and commissions):
1) Sold @ 8:30am at 826.8 = +1.0, +2.0, +8.0
2) Sold @ 8:46am at 822.2 = +.5, +.8, b/e
3) Sold @ 8:59am at 821.0 = +1.5 (1 lot)
4) Sold @ 9:13am at 819.1 = b/e & b/e
5) Sold @ 9:32am at 818.5 = +.5 & +1.0
6) Sold @ 9:36am at 818.4 = +.5 & +2.6
7) Sold @ 10:24am at 815.5 = -.8, -.8, -.8
8) Sold @ 12:12pm at 816.4 = +.5, +1.2, +.2
9) Sold @ 12:24pm at 815.5 = +.8 (1 lot)
10) Sold @ 12:37pm at 815.0 = -.2 (1 lot)
11) Sold @ 12:53pm at 816.7 = +.8, +3.8
12) Sold @ 1:09pm at 815.3 = +.6 (1 lot)
13) Sold @ 1:18pm at 814.4 = +1.5 (1 lot)
14) Sold @ 1:40pm at 812.5 = +3.0 (1 lot)
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