The 126’s are the safer bet’s and the 121’s are the wildcard’s. Depends on your risk tolerance. I think we’ll hit the 106 SPY FP before a really good bounce… but will that happen before those puts expire in February? I don’t know?
After the market crashes over the next couple of years, you will see a rally that will take the Dow to 20-30,000, as Hyper-Inflation kicks in. At the same time, gold will go to 3500.
Does DIA HOD 117.77 mean anything? We just pulled back – skeptical of final push up to 118.16… just waiting.
As far as Feb puts are you looking at 124 or lower? I was thinking 126…
Heres my take….I’m a market structure guy. The market is setup exactly like the pre Jan ’10 sell-off and the pre April 2010 crash. If we follow those examples, then indeed we are setup for minimum 10% ‘quick’ correction starting as early as next Wednesday. On the other hand, the market arguably looks like pre 1994 massive run UP. Lastly, if you compare US markets to Japan markets after ZIRP, we should be at/near ultimate top which will never again be seen…..
Way to complacent over 3 day weekend, especially, when all other markets are trading on Monday…if this is not “staged” I don’t know what is…
Anyway, gold bugs are lot smarter that people are giving them credit…the fact that gold is selling off speaks volumes to me…my put collection is completed today, waiting mostly in cash, until I see that 50 point move on S&P
zzb….you missed the numbers wildly. 1/1000th of 1%…..thats a far cry from 1%. Think about it…there are only 3 times that I can think of where the market crash from very overbought conditions….Oct. 1987, July 1998 and April 2010….outside of those, any major crash has been from overold conditions.
Not sure this link will work…but this i from VERY SMART macro guy.
http://4.bp.blogspot.com/_qTy3tS3bFw8/TSDEWpHHLGI/AAAAAAAAFoo/iYC3KVG_q-o/s1600/YBR_update_1_months_01022011.gif
Self explanatory
The 126’s are the safer bet’s and the 121’s are the wildcard’s. Depends on your risk tolerance. I think we’ll hit the 106 SPY FP before a really good bounce… but will that happen before those puts expire in February? I don’t know?
After the market crashes over the next couple of years, you will see a rally that will take the Dow to 20-30,000, as Hyper-Inflation kicks in. At the same time, gold will go to 3500.
red,
1 hour left…they have got to drive this thing hard to get us to that FP….
Does DIA HOD 117.77 mean anything? We just pulled back – skeptical of final push up to 118.16… just waiting.
As far as Feb puts are you looking at 124 or lower? I was thinking 126…
Heres my take….I’m a market structure guy. The market is setup exactly like the pre Jan ’10 sell-off and the pre April 2010 crash. If we follow those examples, then indeed we are setup for minimum 10% ‘quick’ correction starting as early as next Wednesday. On the other hand, the market arguably looks like pre 1994 massive run UP. Lastly, if you compare US markets to Japan markets after ZIRP, we should be at/near ultimate top which will never again be seen…..
oh yes…..so we are 1/1000 of 1% closer to a down turn. great news, because we need it.
Fear not MsChemeng… we’ll see that 50 point drop very soon. 🙂
Way to complacent over 3 day weekend, especially, when all other markets are trading on Monday…if this is not “staged” I don’t know what is…
Anyway, gold bugs are lot smarter that people are giving them credit…the fact that gold is selling off speaks volumes to me…my put collection is completed today, waiting mostly in cash, until I see that 50 point move on S&P
zzb….you missed the numbers wildly. 1/1000th of 1%…..thats a far cry from 1%. Think about it…there are only 3 times that I can think of where the market crash from very overbought conditions….Oct. 1987, July 1998 and April 2010….outside of those, any major crash has been from overold conditions.