I hope it does, but will all the open interest on the put side, I really doubt it. The only unknown is if the majority of those puts were something that the market makers want too pay out on…. maybe because they took those positions themselves?
Other then that, I can't find any reason for them to close it down into opx. If May the 16th is the final low, then they would only have 3 days to rally the market into opx on the 19th. I'm sure it's possible, but from what I've noticed, most major sell off's are right after opx, which allows them to rally into opx, making those put options expire worthless.
Anyway, what are we looking for on Wednesday's close to give us the answer of 6 or 12 TD's? Is your support line around 115.00, like I have too? If 115.00 breaks, then I see 107.38 in the cards, and a 12 TD event instead of only 6.
And NO, you shouldn't fade Carl just for a few bad calls. Hell, I'll made tons of them. I think his better in the bull market, and I seem to be better in a bear market.
He's a good trader, and wish him well. Nobody is perfect in this market… that's one thing I know for sure.
A number of large entities are looking for a $VIX spike of 37 – 44.5 In other words they think the “spike event” that I talked about a couple weeks ago is right at the door step
yeah now you're seeing the light so afr it looks like more downside to come … tomorrow??? Then a grind higher to 125-127 by opex a dip to ???? and then another wave “final” to 130???? in june. Too early to say
I hope it does, but will all the open interest on the put side, I really doubt it. The only unknown is if the majority of those puts were something that the market makers want too pay out on…. maybe because they took those positions themselves?
Other then that, I can't find any reason for them to close it down into opx. If May the 16th is the final low, then they would only have 3 days to rally the market into opx on the 19th. I'm sure it's possible, but from what I've noticed, most major sell off's are right after opx, which allows them to rally into opx, making those put options expire worthless.
Anyway, what are we looking for on Wednesday's close to give us the answer of 6 or 12 TD's? Is your support line around 115.00, like I have too? If 115.00 breaks, then I see 107.38 in the cards, and a 12 TD event instead of only 6.
Good morning to you as well Earl…
And NO, you shouldn't fade Carl just for a few bad calls. Hell, I'll made tons of them. I think his better in the bull market, and I seem to be better in a bear market.
He's a good trader, and wish him well. Nobody is perfect in this market… that's one thing I know for sure.
there are few guarantees in the market, one of them is Speculative Capital ALWAYS gets harvested
Wednesdays close will give us clues, as to whether the downward thrust extends to 12 TD (5.16.2010)
Good Morning Red.
I'm not ready to fade Carl on everything just yet, but he is certainly off his game lately.
It would be nice to be on the right side for once.
Well Earl…
Looks like me and you took Carl's money this time… Glad you were short too.
8:19AM Eastern Carl just sold one unit at 1190.00 (loss of 7.50)
He bought this late yesterday.
First time I've seen Carl do anything outside market hours
$VIX targets
1-2-3
27.70
29.48
31.51
http://www.flickr.com/photos/47091634@N04/45782…
A number of large entities are looking for a $VIX spike of 37 – 44.5
In other words they think the “spike event” that I talked about a couple weeks ago is right at the door step
I'm afraid any sell off now, will be short lived, as my newest post shows way too many May puts…
yeah now you're seeing the light
so afr it looks like more downside to come … tomorrow???
Then a grind higher to 125-127 by opex a dip to ???? and then another wave “final” to 130???? in june. Too early to say