You know, Richie has a really good point that never even crossed my mind: bonus. Made a bundle on the way down, and making a bundle on the way up. The last hurrah? Remember that last down day before the reversal? Someone bought a buttload of SPY puts (or equivalent, I can’t remember which) and then recycled the earlier news about the reactor being “out of control.” This feels like “peak illegal activity.”
For me, March 18th was the day momentum was suggesting not to be short and has remained that way. So I only have myself to be mad at, not the bulls, nor the government. I front ran when I shouldnt have.
no kidding, it does make good sence. there is just no hesitation lately.
Well, I’m sure those on the inside are in control of media… so releasing news to their benefit is just the norm these days.
You know, Richie has a really good point that never even crossed my mind: bonus. Made a bundle on the way down, and making a bundle on the way up. The last hurrah? Remember that last down day before the reversal? Someone bought a buttload of SPY puts (or equivalent, I can’t remember which) and then recycled the earlier news about the reactor being “out of control.” This feels like “peak illegal activity.”
No, I think we will still go there before the QE2 ends in June. But, I’m still looking for a pullback to happen before then.
For me, March 18th was the day momentum was suggesting not to be short and has remained that way. So I only have myself to be mad at, not the bulls, nor the government. I front ran when I shouldnt have.
What about the 138+ spy fake print? Disregard?
LOL… here’s what happens next!
http://janeheller.mlblogs.com/train-wreck.jpg
If you got a problem with how we handle our markets ZZB, then go start your own exchange and perform your own stop sweeps!
Me too… let me on that bull train!
http://www.sumgenius.com.au/Crowded_Train.jpg
Thanks, very insightful Red.
Heres what I”m looking for….
Dow to gap up over double top in morning and head to 15,000 by EOW. lol.