Is DOW 11,000 A Bull Trap?"

Discussion in 'Trading' started by shortie, Apr 9, 2010.

SPY Next Week

  1. Bullish

    37 vote(s)
    33.3%
  2. Flat

    14 vote(s)
    12.6%
  3. Bearish

    42 vote(s)
    37.8%
  4. I prefer to keep my opinion to myself

    18 vote(s)
    16.2%
  1. ok. mark this date. time to sell. the top is in. you are going long and i just heard cramer call for 12000 soon.
     
    #91     Apr 14, 2010
  2. "Is DOW 11,000 A Bull Trap?""

    It is indeed a bull trap but a tricky one. The only way to get to the trap is through a bear meat grinding plant.
     
    #92     Apr 14, 2010
  3. First thing you've said lately I can agree with.
     
    #93     Apr 14, 2010
  4. S2007S

    S2007S


    *Yep I guess it is time to sell, however I sold by inverse ETFS all around 11090-11100+, happy I did, market is still moving higher and higher and higher and higher. Trading at 11117, its just unfuckingbelievable the power this market has, quite insane to say the least. Dow heads to 11250+ by Friday on GE and GOOG earnings.

    Next week 11500 on earnings from major spx companies

    12k by early May,

    by end of June mid July 13k and by October 14k+ which will mark nearly 3 years to the day the market peaked and fell over 50%.

    Get ready for the ride, I am, holding my only 3 remaining longs!!!!
     
    #94     Apr 14, 2010
  5. i am worried about the bulls here. put/call (equity+index) closed at 0.56. this is freaking low.

    only 4 cases lower than today since oct-2003:

    Trade_date P/C Ratio
    3/16/2006 0.32
    12/15/2005 0.41
    1/16/2004 0.51
    12/29/2003 0.53
     
    #95     Apr 14, 2010
  6. Worry about yourself, mate. You're the one calling the tops! Bulls are doing just fine.
     
    #96     Apr 14, 2010
  7. only two days to screw call buyers who have been buying left and right for a month now.

    Max Pain for SPY is still 117. does max pain value ever work?
     
    #97     Apr 14, 2010
  8. noddyboy

    noddyboy

    No need to worry -- bulls already sold some to the short coverers, with tight stops on the rest.
     
    #98     Apr 14, 2010
  9. S2007S

    S2007S

    The FREE money continues yet again!!!!

    The rally continues tomorrow:

    Tonight both YUM and UPS beat and are trading higher:

    Symbol Time (Pre/Aft Mkt) Trade (Pre/Aft Mkt) Pre Mkt Chg Related Info
    UPS 4:31pm ET 66.01 Up 1.13 Up 1.74% Chart, Messages, Key Stats, more...
    YUM 4:25pm ET 42.90 Up 1.95 Up 4.76% Chart, Messages, Key Stats, more...


    Wed 4:34pm YUM
    Yum Brands says 1Q profit climbs 10 percentAP
    Wed 4:31pm UPS
    UPS Reports 37% Growth in 1st Quarter EarningsBusiness Wire
     
    #99     Apr 14, 2010

  10. We have a record!!!

    if one only looks at equity put/call. it is a new record (since Oct-2003)!!! BTW two days ago we had another top 10

    Lowest put/call:
    Date Equity P/C Ratio
    4/14/2010 0.32 *!*!*!
    1/16/2004 0.35
    12/30/2003 0.37
    1/24/2006 0.37
    12/26/2003 0.38
    12/29/2003 0.38
    8/21/2009 0.39
    1/6/2004 0.4
    11/15/2004 0.4
    4/12/2010 0.4 **
     
    #100     Apr 14, 2010