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.
*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
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?
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 **