Futures Trades

Per Cbox tonight:

25 May 06, 18:53
dmk: vector is rockin' spike, good going. I think I will take some of those qqqq calls tomorrow
25 May 06, 19:23
dmk: BUT, don't you think we will be heading lower as alot of technical damage has been done to the q's

I think this chart might explain the way I'm seeing it. On top of this chart you have that major C on the Dow that has held thus far. AND that VIX:QQQQ system buy signal. If you weight it all up, you've got to call this a significant bottom which we should rally hard off. Long QQQQ out of the money calls is so worthwhile the risk that they carry. And if this week's lows bust, then go long QQQQ out of the money puts as a strangle and you're almost certainly going to walk away with profits.
Best to ya, and Good Luck with those calls!

Vector nails another fine entry I see. +46 as I type, getting no worse than -7 points, way inside the 30 risked. Vector closes strongly bullish, so stop to even now dudes and green hope for a multiday swing.

Nice setup this one. Low risk, high % return if correct. Nice option for those who don't want the risk of a futures position.

please click here for a larger version of the above chart. I note the market is rallying and the 4 resistance areas are being tested by a snorting bull. Reaction to this little 2 minute drop here will be telling.

As per Comment Box earlier

25 May 06, 12:33
Spikefader: Vector swing long signal right here.
25 May 06, 12:35
Spikefader: I am long 11184. risking 30 points.

Long 11184, risking 30.

EDIT: repaired chart