dont be a pussy go long, SPY will go back to 130's and then you can cash in on this round again. This whole thing will blow over and SPY will go back up to the 130s again. anything 128.74 and under go long sell later at 130s for a profit.
I would not take any advice from some one who posts this crap: http://www.elitetrader.com/vb/showthread.php?postid=3074991#post3074991
I should have figured no one here would be able to provide an answer to that question, should have posted it at wilmott since it seems no one here does any programming.
Futures being jammed up higher again tonight, get ready for all losses on Friday to be erased by Wednesday mid-day as the DOW makes its was past 12k and the SPX above 1300!!!! Get ready, risk free markets are back after a let down last friday! S&P FUT 1287.1 4.7 +0.37% DOW FUT 11875.0 35.0 +0.30% NAS FUT 2290.0 10.0 +0.44%
This market was as it was a few years back.. buy the dip. Every huge downside is a buying opportunity. Although in real dollar terms, the market hasnt gone up much especially if you're holding Australian dollar