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Hi,
Not long ago they changed the rules on limit moves in the stocks...s&P˙
and
dow before they close things down.
Does anyone know what the rules are?
Thanks
Mitch
owner-realtraders@xxxxxxxxxxxxxx wrote:
> Hi all,
> ˙
> It's 1:30 am in chicago on friday morning, thursday night here in Hawai˙
i.
> spooz are down about 400 to 1032, last night i sent an e-mail "Black
> Monday" when the spooz where in the upper 1070's......this may turn out˙
to
> be true after all (anticipate the anticipated anticipation). The puts ˙
in
> the oex i still have are worth roughtly $9,000 and remember my total
> investment was $2,600 last monday (9 trading days ago) i started with
> calls, then puts then probably calls again next week....
> I have a "ridiculous" open order - "sell 4 sep 515 puts at 120, ˙
> (oex near 400 on monday?!) and sell 1 sep 500 put at 105. which would
> translate into roughtly $58,000!? Dream with me a moment, if we close i˙
n
> the upper 400's tomorrow (friday) maybe 490? my point - over the weeken˙
d
> people really will finally get scared (did anyone catch joe batapaglia ˙
on
> cnbc about an hour after the close?) then a 20% black monday correction˙
> would put us at 400 on the oex. Regardless, i will be taking profits by˙
> monday or tuesday.....then put 5 to 10 k in calls next week? I'll keep ˙
you
> updated. Now for the weird stuff - - - I was driving home and was
> wondering where "Gann" would see the oex going, then, "I swear to God",˙
(i
> will seriously start taking a camera or cam-corder with me!!!) A car dr˙
ove
> pass me, the licence plate was, are you ready? - - - "GAN 400" call the˙
> "dmv", call 1-800-u.s.search, or who ever can prove this, oh, it was an˙
> older mercedes i think, dusty white. Quite weird indeed!!! also, remem˙
ber
> the "oex put" license plate story, if you private e-mail me, i will giv˙
e
> you his name and #, at the discount broker place, again, i never met hi˙
m
> before that day!!! also, if a full moon means a bottom, well, i'm looki˙
ng
> at a bright almost 1/2 moon (a top?), just more "gravitational pull" to˙
the
> downside!
> and last but certainly not least, the TECHNICALS....
> wave #3!!!
> we finally broke support and did you all notice after my e-mail with a ˙
few
> hours left in thurs trading i mentioned that we couldn't get above 1060˙
> (old support became resistence on the upside, a ceiling if you will, th˙
en
> down we went!! ˙
> remember the "KISS" method, when i told everyone to look at that 3 cha˙
rt
> "cnnfn" nasdaq chart and mentioned stochastics "bird beak", etc... I ho˙
pe
> you all took notice and position traded accordingly!!!
> I can't sleep, but this will be my only e-mail for the night, even if i˙
n a
> few hours when i watch globex and europe wakes up and we start to tank,˙
> i'll sit quietly back, and prepare for the waterfall down....
> goodnight all, pleasant dreams
> gary
> hawaii ˙
Mitch Ryder
Ynos@xxxxxxxxxxxx
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