Since it’s now obvious that Obama isn’t going to say something stupid (and cause a big sell off to start), that leaves it up to tomorrow for the 114.18 FP to be hit… and it’s probably going to be around the FOMC meeting.
But, I don’t think we’ll get to 1156, as that too far above the 114.18 spy print. So, you shouldn’t have to “buy back your puts” tomorrow.
Instead, you might be buying more puts? I think as long as there isn’t any QE2 plan announced today, the market will fall. It’s look like it’s going to happen today though… Bummer, I’d just like make one Black Monday call correctly. LOL
I’m not sure on, but regardless if it is… I’m not buying this rally. I still think we’ll go up to 114.18 spy, and then roll over. Whether that is today, after Obama speaks, or after the FOMC meeting is still unknown.
Bingo… we just hit 114.18 spy. Now what?
S&P 500 moving away from 200 DMA: CLICK HERE
You only seen the picture, and never read the post…
Told ya no black monday LOL
Well…
Since it’s now obvious that Obama isn’t going to say something stupid (and cause a big sell off to start), that leaves it up to tomorrow for the 114.18 FP to be hit… and it’s probably going to be around the FOMC meeting.
But, I don’t think we’ll get to 1156, as that too far above the 114.18 spy print. So, you shouldn’t have to “buy back your puts” tomorrow.
Instead, you might be buying more puts? I think as long as there isn’t any QE2 plan announced today, the market will fall. It’s look like it’s going to happen today though… Bummer, I’d just like make one Black Monday call correctly. LOL
I’ll buy my puts back at 1156.
@Leo
Did not respond to your query one time sorry mate.
S&P 500 futures trading above resistance line: CLICK HERE
yes i too……. but i had checked nyse its 4:1 perfect(81% to 17%). may be they plan to chop the bears at their best… but whatever, top is in………….?
I’m not sure on, but regardless if it is… I’m not buying this rally. I still think we’ll go up to 114.18 spy, and then roll over. Whether that is today, after Obama speaks, or after the FOMC meeting is still unknown.
LOL…
Now I now it’s time to get short! Anytime the mass media says it’s over… I know it’s not!