I read your post on Alex's blog and you are right… both this rally up and the previous sell off into March of last year was most likely planned. Good comment…
OK, are getting emotional again? tut, tut!!!! Juuuuusst kiddin'!!! As I said before, everybody knows the market is being manipulated big time — no use bitching! However, this type of manipulation only goes so far. Trust me, I know. I've been trading for a long time. IMHO, just stay out of the market. That's what I'm doing! I really think that things are coming to a head in the next 10 sessions. We shall see. At any rate, which ever way the market makes its big move, I'll be ready to jump on the tsunami — until then I'll just be a SPECTATOR and watch the ants get crushed!
I wouldn't want to give you my thoughts on butterflies when others are more qualified to answer that question. Keirsten is really good at complex option strategies and so is Anna, and Fujisan (if you can find her around?).
Keirsten is here now… as you can see by the recent posts. I think she could answer your question better then me.
As for the “powers that be” pumping the market… yes, I see more upside coming. Until they (the PPT, whoever?) gives “the word” to the big institutions to “Sell”, I think will we get a slow grind up to sideways market.
When it comes down… Oh! It's going to surprise everyone! Just like the “Happy Thanksgivings Dubai” event. We'll see another one I believe…
Hi Leo, I feel the powers that be will pump this mkt up some more. I have an options question for you. Do you consider butterflies to be directional trades? I have looked at a few stocks that I see more upside to. Books I read on options consider a butterfly to be a neutral trade but if you go slightly out of money they appear to have more profit potential than a straight call or put and they can be darn cheap. What is your opinion?
I thought that's where I saw you last… (TTW). Funny how things change… it use too be mainly just Tim and Mole's blog as the primary sites that most traders go to. Now you have more separation as many of those “follower's” became leader's and started their own thing.
David's site has grown tremendously since you went to it. Of Anna has it's own following too. Others have grown and developed their own group as well. I still go over to Alex's blog and read his forecasts (or “inverted” forecasts… LOL).
What's even funnier is how small this community of traders really is. Although I don't have time to read the comments on all the other sites, I do know who the traders are.
It's quite fun to talk with people all over the world, and to make friends with complete strangers. Of course it would be nice to be able to forecast this market correctly, so I could help others to profit too… but I guess everyone understands that no one has a crystal ball. 🙂
Yep, been helping DDT with the TTW blog. It's been a long time, buddy.
I try not to complain but my thought bubble just won't let me stop lately. (wink) The corruption will necessitate a correction in the first part of February methinks. They like to control the vertical if you know what I mean.
hahahah nice to know I have friends that support me 😉
Dont fight the FED…
I read your post on Alex's blog and you are right… both this rally up and the previous sell off into March of last year was most likely planned. Good comment…
OK, are getting emotional again? tut, tut!!!! Juuuuusst kiddin'!!! As I said before, everybody knows the market is being manipulated big time — no use bitching! However, this type of manipulation only goes so far. Trust me, I know. I've been trading for a long time. IMHO, just stay out of the market. That's what I'm doing! I really think that things are coming to a head in the next 10 sessions. We shall see. At any rate, which ever way the market makes its big move, I'll be ready to jump on the tsunami — until then I'll just be a SPECTATOR and watch the ants get crushed!
E-mail sent… someone has the crystal ball, but it won't be found in the usual places. 😉 This is going to bend your mind and then some.
Well Suzor,
I wouldn't want to give you my thoughts on butterflies when others are more qualified to answer that question. Keirsten is really good at complex option strategies and so is Anna, and Fujisan (if you can find her around?).
Keirsten is here now… as you can see by the recent posts. I think she could answer your question better then me.
As for the “powers that be” pumping the market… yes, I see more upside coming. Until they (the PPT, whoever?) gives “the word” to the big institutions to “Sell”, I think will we get a slow grind up to sideways market.
When it comes down… Oh! It's going to surprise everyone! Just like the “Happy Thanksgivings Dubai” event. We'll see another one I believe…
Hi Leo, I feel the powers that be will pump this mkt up some more. I have an options question for you. Do you consider butterflies to be directional trades? I have looked at a few stocks that I see more upside to. Books I read on options consider a butterfly to be a neutral trade but if you go slightly out of money they appear to have more profit potential than a straight call or put and they can be darn cheap. What is your opinion?
I thought that's where I saw you last… (TTW). Funny how things change… it use too be mainly just Tim and Mole's blog as the primary sites that most traders go to. Now you have more separation as many of those “follower's” became leader's and started their own thing.
David's site has grown tremendously since you went to it. Of Anna has it's own following too. Others have grown and developed their own group as well. I still go over to Alex's blog and read his forecasts (or “inverted” forecasts… LOL).
What's even funnier is how small this community of traders really is. Although I don't have time to read the comments on all the other sites, I do know who the traders are.
It's quite fun to talk with people all over the world, and to make friends with complete strangers. Of course it would be nice to be able to forecast this market correctly, so I could help others to profit too… but I guess everyone understands that no one has a crystal ball. 🙂
Red, send me an e-mail for a trip down the rabbit hole.
Yep, been helping DDT with the TTW blog. It's been a long time, buddy.
I try not to complain but my thought bubble just won't let me stop lately. (wink) The corruption will necessitate a correction in the first part of February methinks. They like to control the vertical if you know what I mean.