by Larry Levin
It sure didn't take long did it? This market took one heck of a nosedive today on GM and a whole bunch of other headlines that were pretty much all bad!
Think about it for a second: The Dow Jones was down 361 points. The S&P's are down 44 points and the Nasdaq was down 76 points. Now if you are holding a bunch of stocks, that's probably not a good thing right now.
But on the other hand, if you are a futures trader, you are probably looking pretty darn good. Because as I always say, it takes a lot less time to make money if the market are moving down. They move lower twice as fast as they move higher! And trust me when I tell you: There's a lot more "lower" to come!!!
Real Time Trading Signals*for
Trade Date: 11/7/07
E-Mini S&P Trades*
(before fees and commissions):
9:30 VA Buy 11.75 = -1.75 all
9:07 FT Sell 13.25 = -1.50 all
9:37 VA Buy 6.50 = -1.00 all
9:40 VA Sell 6.75 = +.75, -1.75, -1.75
1:15 OTF Sell 98.00 = +.75, -1.25, -1.25
1:39 ID VA Buy 98.50 = +.75, +1.25, +1.25
E-Mini Russell Trades*
(before fees and commissions):
1) Sell @ 8:47am at 794.0 = -1.1 & -1.1
2) Sell @ 10:41am at 790.0 = +.5 & +2.2
3) Sell @ 12:16pm at 783.6 = +2.8 (1 lot)
4) Buy @ 1:31pm at 786.2 = b/e (1 lot)
5) Buy @ 1:50pm at 784.9 = -.8 (1 lot)
6) Sell @ 1:59pm at 784.3 = +.5, +1.0, -1.0
7) Buy @ 2:18pm at 785.2 = +.3 & -1.4
8) Sell @ 2:33pm at 783.4 = +.5, +1.0, +1.4
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