Over half of the stocks in the NDX, DJ, and OEX have turned the corner in momemtum. The very short term tide is turning. The OTM Feb puts are out of time. I am long the techs and foreign stocks. Data shows that they are leading this mini rally. Based on data available for the last 25 yrs, the current setup has a better than 90% of seeing the market retests the Jan high.
The odds are against the OTM Feb Puts now. But people do win lottery, so who am I to stand in their way to untold riches? 😀
this is so funny watching this circus
we've got a double back test now
http://www.flickr.com/photos/47091634@N04/43511…
up or sideways next week
all this back and forth is all manipulation for OPX next week
they've crushed a lot calls this week with time decay
If that is true, then I must be reading the charts wrong.
Over half of the stocks in the NDX, DJ, and OEX have turned the corner in momemtum. The very short term tide is turning. The OTM Feb puts are out of time. I am long the techs and foreign stocks. Data shows that they are leading this mini rally. Based on data available for the last 25 yrs, the current setup has a better than 90% of seeing the market retests the Jan high.
The odds are against the OTM Feb Puts now. But people do win lottery, so who am I to stand in their way to untold riches? 😀
Do you still see us going up next week?
the big volume spike on the 3 min @ 12:15 chart is because of the backtest of the uptrend line from last friday
another trip down to 1070 will be in order then
and what do you see if 1080 holds the bulls back?
80 ma on the 60 min
very very large buy/sell programs are based on this ma
once this breaks programs will cover their short positions and then add another bid on the long side
No… we are still in Mini wave 2 up, inside Intermediate wave 3 down. (see old charts)