Friday, January 18, 2008

WOW

Wow i guess that wasn't all on the downside this morning on the ES. We are in crash and burn mode here again. market was up +180 now down 120 man oh man when will it stop. We scalped the ES here for 17 points on the downside but it was scary. Oil looks dead weak here and the OIH is down another $5. Somewhere soon i want to be stepping into some OIH calls. We will see soon enough

Cover trade

Cover ES here @1354.25 .
5 point profit in 25 minutes

Pre market trade

Short ES 1359.25