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... Earl of

He hasn't mentioned giving up on 1200.

... monicadern

If he is right, then that means we get there and then bounce back up to higher highs before falling gain.

... Earl of

Carl dropped his low for today from 1161 to 1156

1155-1156 was his support area a couple of days ago.
Now he sees 1150-1156 as a possible low area.

... monicadern

More recent article from today here:
http://www.reuters.com/article/rbssBanks/idUSN2

... monicadern

Nothing yet announced. They are trying to pass a financial reform bill (led by Senator Dodd) and keep emphasizing it's passing on CNBC. One of the clauses proposes is “n addition to addressing concerns over how to maintain the financial system's stability, the bill takes aim at regulating the risky financial instruments that have been blamed for contributing to the financial crisis and protecting consumers from risky financial products that have also been blamed for their role in the crisis.” Anyway, I will keep you posted if I hear anything more but I just have this feeling that they are going to ban the 3X ETFs at the top. Here is the most recent article I could find: http://www.reuters.com/article/idUSTRE62D1YI201

... sundancer390

i don't N.E.W.S. so what are they doing banning inverse ETF's?

... monicadern

Alright. Just trying to get a grip on things. Thanks. Wonder what they are going to announce with this financial regulation – probably that all 3X ETFs have to be liquidated.

... sundancer390

there is a 87% probability that AAPL's current uptrend since 1/09' is it's terminal ATH in it's current lifecycle, so where ever it stops will be highly ritualistic, I haven't had a chance to look @ terminal values : date, you won't see AAPL straying 10%+ from it's reg. limit

it's terminal de-leverage pt. is 134.45, all long positions above that number will eventually become underwater

... SC

Over valuation + overbought + yield pressure = -10% over several weeks…. ***IF*** historical pattern holds.

The only thing missing is trend confirmation….. tick tock tick tock….

... Red Dragon Leo

If you think we are going to 1250 by late summer, then a vertical call spread would be the safest play. You could buy the 1150 (which is “in the money now”), and sell the 1250.

You would want the market to go up to 1250 before they expire, and of course you don't want the market to go down below 1150.

I'd rather stay out the market now, as I still see some selling coming soon. The choice is yours of course.