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Dow Jones Line 10/27

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Posts: 9
 
MVP
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Joined: Oct, 2005
Posts: 16136
Posted: #1
Just played Dow Jones up -130
 
 
Line is -130 up  -110 down
 
Covers Linesmen
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Joined: Feb, 2003
Posts: 58464
Posted: #2
Hat,

I dont like that line.

Its 120/120 now and I bet it goes lower.

Hedge fund window is open for holders and I read/heard that next week should bring more redemptions for hedgies which means lower for the market.

The market is thin so who knows but I dont like up tomorrow.
 
MVP
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Joined: Oct, 2005
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Posted: #3
  but then again who knows what will happen
 
MVP
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Posts: 16136
Posted: #4
My last play I took at up -160 and it went all the way down to around -110 or something like that right after I bet it, but the next day the Dow finished up.  These are small wagers WS, no biggy...but in this market anything is possible right now
 
Covers Linesmen
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Posted: #5
Hat,

Now 135/105 thats some wild action on a small event like this.

I hope you hit it because i am long the market of course.  
 
MVP
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Joined: Oct, 2005
Posts: 16136
Posted: #6
Thx WS...I am ready for this market to settle down
 
Legend
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Joined: Sep, 2007
Posts: 35638
Posted: #7
Nikkei down 400 points already, big drops in the Euro markets so far, not to mention DOW futures down 300 points.  Tomorrow is shaping up to be a bloody day IMHO. 

Oil is down too, good news for me I'll be shorting the CAD again. 
 
All-Star
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Joined: Jan, 2006
Posts: 14917
Posted: #8
Am looking for another "locked limit down" at today's open.
 
"The market" may get what it wants today-------"total and complete capitulation."
 
But...........if the talking heads run their yaps about it all morning before the open, it WILL NOT happen.
 
 
Covers Linesmen
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Joined: Feb, 2003
Posts: 58464
Posted: #9
Hat,

Big day today..the worst day to own a stock is on earnings.

If they even whisper to miss it could be trouble, odds for a big move up arent that great in this environment. I hope you kept some powder dry if they kick it tonite.  
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