Is DOW 11,000 A Bull Trap?"

ok. mark this date. time to sell. the top is in. you are going long and i just heard cramer call for 12000 soon.

 

"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.

 

First thing you've said lately I can agree with.

 

*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!!!!

 

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

 

Worry about yourself, mate. You're the one calling the tops! Bulls are doing just fine.

 

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?

 

No need to worry -- bulls already sold some to the short coverers, with tight stops on the rest.

 

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

 

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 **