INDEX Technical Warning....

Discussion in 'Trading' started by Digs, Jan 11, 2004.

  1. Digs


    Here is some major reasons to by PUTS on the SPY.Symbols are esignal format.

    SP500 ($SPX )cash and NASD Comp ($COMPQ) weekly charts just hitting 200 week MA

    DOW Jones resistance on horizontal trendlines from 07/20/2001, and downward trendlines from 2000 High at 11752

    SPY PUT Options for March 2004 Premium is at $5.70 (at 01/11/04)

    I think most options traders are but puts here by the looks.

    So What you think....
  2. You've got to be kidding, right?