I got this on Atilla's site. Sounds convincing. What the hell I'll keep my put. Have to get back on my ladder and start painting.
If anyone thinks I'll never make it in the markets. Your dead wrong. have no fear!
“ESM0 is opening below 1081 suggesting yesterdays 9:1 up day was another sucker rally that turned out to be fake
expect new lows in two trading days
and keep this one handy going forward, I wrote it myself, it is shown in the sidebar of this blog
Long Term: Based on our studies, the final leg of the secular bear market began on March 25 2010, nearly one month before SPX printed the final top at 1215 where the broken backbone is tested. This cycle will be terminal. Our projection for final bottom is SPX 170. We expect multiple large waves between the top and the final low. We project the first significant low before the final bottom to be SPX 400-420 range, this should be followed by a rally to 750 before the index heads towards the final low. There will be many intermediate term rallies and sell offs between these pivots.
Intermediate Term: The intermediate term top marked by the backtest of the broken backbone will likely lead to a severe intermediadiate term sell-off. This is the initiating move of this bear cycle therefore it will unusually be impulsive. Target is 965-920 range, however due to the impulsive nature this may extend all the way to 780.
Short Term: Severe strong downtrend, feeding on occasional powerful sucker rallies that are highly deceptive, coming on low volume and very strong breath. Public is persistently staying bullish or neutral despite the benchmark is now over 150 points off the high. The move will likely end with an unique selling climax.”
Can someone answer an options question for me? What I don't understand about options is they are all about supply and demand, right? So if the market comes barreling down and gets to 104, I would imagine that suddenly103 puts would look very attractive as people would start buying them? But what happens if we cross too far below 103? so let's say the market goes to 990? Who will buy 103s when they can get 101s cheaper? Just trying to figure out when is the most opportune time to sell options positions.
BP apparently doesn't really want to fix the leak, or they are just idiots. Many solutions are out there, but they won't do them. Here are 2 different solutions…
I got this on Atilla's site. Sounds convincing. What the hell I'll keep my put. Have to get back on my ladder and start painting.
If anyone thinks I'll never make it in the markets. Your dead wrong. have no fear!
“ESM0 is opening below 1081 suggesting yesterdays 9:1 up day was another sucker rally that turned out to be fake
expect new lows in two trading days
and keep this one handy going forward, I wrote it myself, it is shown in the sidebar of this blog
Long Term: Based on our studies, the final leg of the secular bear market began on March 25 2010, nearly one month before SPX printed the final top at 1215 where the broken backbone is tested. This cycle will be terminal. Our projection for final bottom is SPX 170. We expect multiple large waves between the top and the final low. We project the first significant low before the final bottom to be SPX 400-420 range, this should be followed by a rally to 750 before the index heads towards the final low. There will be many intermediate term rallies and sell offs between these pivots.
Intermediate Term: The intermediate term top marked by the backtest of the broken backbone will likely lead to a severe intermediadiate term sell-off. This is the initiating move of this bear cycle therefore it will unusually be impulsive. Target is 965-920 range, however due to the impulsive nature this may extend all the way to 780.
Short Term: Severe strong downtrend, feeding on occasional powerful sucker rallies that are highly deceptive, coming on low volume and very strong breath. Public is persistently staying bullish or neutral despite the benchmark is now over 150 points off the high. The move will likely end with an unique selling climax.”
Can someone answer an options question for me? What I don't understand about options is they are all about supply and demand, right? So if the market comes barreling down and gets to 104, I would imagine that suddenly103 puts would look very attractive as people would start buying them? But what happens if we cross too far below 103? so let's say the market goes to 990? Who will buy 103s when they can get 101s cheaper? Just trying to figure out when is the most opportune time to sell options positions.
Thanks Red.
Not yet, both they should all be oversold very soon IlliniKap
Its more of GM/Toyota part 2. BP -British, Shell-Netherlands, Exxon -American. Also, last month GS bad, now BP bad
Hopefully we go down. The 5, 15, 30, 60 minute and 2 hour charts are not all oversold
Dow jones rising wedge
http://niftychartsandpatterns.blogspot.com/2010…
Bouncing off 1088 like a bad check.
Leo the rising wedge
http://niftychartsandpatterns.blogspot.com/2010…
BP apparently doesn't really want to fix the leak, or they are just idiots. Many solutions are out there, but they won't do them. Here are 2 different solutions…
http://www.youtube.com/watch?v=YFOp1kft7vc&feat…
http://www.youtube.com/watch?v=FFUGv0iffe0