Red

Sorry Red – just saw this. Ignore my email. It is making me very nervous though 🙂

for those with bearish positions
this chart may be of interest to you
http://www.flickr.com/photos/47091634@N04/43515…

Ben,

Look at this chart… http://stockcharts.com/def/servlet/Favorites.CS…

It clearly shows that the MACD has topped and is now rolling down. It should continue down for 4-5 days. You can sell you're puts if you want, but I'd wait until the end of the day, as there will probably be a sell off into the close.

No traders are going to want to hold over the weekend. Be patience.

the time is coming for the long road to hell, (SPX 365.85) but it may take 3-7 more months

it took 12 months to form a top during 06-07'

it took 8 months to form a bottom from 08-09'

we're 5 months into sideways action originating back in september 2009

i pay close attention to ian over @ raj time & cycles for major turns
this chart may be of interest to you, keep an open mind
http://1.bp.blogspot.com/_OSfvk1xrysQ/S3LG1_CRO…

how about a big bounce on tues?

Lower BB at 1037. will we hit it today? I'm selling my puts today

AH China raised the reserve requirement on banks.

Thanks Earl! It was a very thoroughly planned out trade. I guess this is what one is supposed to do with options 🙂

Haven't even looked at the news, yet. What's up?

I put a line at 10.77. I have this position in an IRA account and I am okay holding it for a while. Nice call and I to hope you are wrong. I think the China news helps things go down today.

Remember, I called for a maximum TZA price of 10.77. It has hit 10.76 so far. I'd love to be wrong 🙂