My market news commentator seems to think so. I seem to think so. I'm buying my first options. I'm ready for an incredible next three weeks.
I would wait with buying calls right now. Earningseason will kick off and if we don't see what everybody is expacting we can get some durty surprises. I wait until 1/4th of the S&P has reported and then I go with the trend.
Prudent. I'm actually buying stock and waiting until after friday's job report to buy my calls. I will be noting earnings reports.
Waggie, I'd love to read a complete summary of your thoughts regarding the current activity of the markets. We'll have to wait for a few days and see if your spx 1087 was the bottom called.
You know how ET is Rowenwood . . . The "Trend Faders" and "Chapabraca/Manolo/James Stocks" of the world only show up on BIG DOWN DAYS!!!
People seem to be quite bullish all of a sudden after a couple days of bounce. But I'd guess what was once support is now resistance, Q's kissing the 50-day MA from below seems more like a shorting opportunity (go with the trend, right guys?) JMO