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. S2007S

    S2007S

    Check out this video from Cramer talking about how Subprime would be contained and everything would still go on as usual, after listening to this I have to laugh at his past calls these past couple of days about this rally only going in one simple direction, UP!!!


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    #101     Apr 14, 2010
  2. S2007S

    S2007S

    The dow closed around 11k and change back in 2000, 10 years ago since that time has passed, since that time think about how much a dollar is worth today versus back then.

    Compare how much debt the US had in 10 years ago versus now.
    This rally we have seen nearing almost 100% return in all indexes is showing you that its being created by liquidity and huge amounts of deficit spending, how long this goes on for is anyone's guess but the problem moving forward will be that if the economy comes across a second dip what will be the cure for that fix. I don't think printing money to fix every economical problem moving forward is the answer.
     
    #102     Apr 14, 2010

  3. Being "convinced" aka rigid, is not a good stance to take under most conditions. Mister market is capable of humbling all of us at any point in time. I'm more interested in making money than being right. The latter is merely a by-product.

    Missed? I'm virtually always long AND short. aka hedging Double aka diversified. Makes for a smoother equity curve. Sacrificing pawns for rooks.

    Depends on what timeframe you're consider to apply the word sharp. Sharp intra-day moves bring out the contraian in me. IMO, ax is covering or selling what he no longer has.

    Summer's approaching. Not fertile ground. Call that a seasonal tendency. Exipration is also an upward biased seasonal tendency. Generally starts the Thursday prior. After assignments,...........ehh......... new ball game.
     
    #103     Apr 14, 2010
  4. Hope everyone bought that dip. Volume went to nil and the algos are churning now. Headed to green with the Banana Ben Bots at the lead.
     
    #104     Apr 15, 2010
  5. noddyboy

    noddyboy

    I am still very bullish...2.5X bullish!
     
    #105     Apr 15, 2010
  6. Bulls are hornier than Larry King.

    Any opinions on the possibility of a large expr drop? prior to the last expr we kept going higher and there was a sell-off on expr Friday. not a huge sell-off but still unusual for this relentless up market. could tomorrow be the repeat of that only maybe on a larger scale?
     
    #106     Apr 15, 2010
  7. noddyboy

    noddyboy

    A large drop will make put buyers too happy -- lots of them given the skew.
     
    #107     Apr 15, 2010
  8. max pain for SPY is 117, is it it where the market should/could gravitate?
     
    #108     Apr 15, 2010
  9. noddyboy

    noddyboy

    Possibly, but max pain works better for illiquid stocks where it is easier for the option sellers to manipulate. When you look at the SPY, do you consider SPX options and ES options? How about all the OTC stuff, and also options on large cap stocks -- how much of it is in a dispersion strategy?
     
    #109     Apr 15, 2010
  10. noddyboy

    noddyboy

    45460 contracts open for SZP 4 C 1225...I forgot how to calculate max pain, but that looks like a lot of contracts. I had asked someone what so special about 1225 in another post earlier today.
     
    #110     Apr 15, 2010