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. noddyboy

    noddyboy

    Here is what I see. I am not an options expert.
     
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    #111     Apr 15, 2010
  2. i use this calculator for option pain:
    http://www.optionpain.com/OptionPain/Option-Pain.php

    several times i looked before, max pain did not work. maybe the reason is that if it is too far from the current price than it is unlikely to get there (just like to any other distant point).
     
    #112     Apr 15, 2010
  3. noddyboy

    noddyboy

    Correct -- gamma hedging is irrelavant too far from max pain.
     
    #113     Apr 15, 2010
  4. jax88

    jax88

    So I got whacked with this algo trading all this week. But, now I'm back. I am shorting heavily 1210-1205 on S&P and anything in the 11100-11090 range in YM. Target 1160 in ES. HUGE short inventory in YM, it's screaming at me.
     
    #114     Apr 15, 2010
  5. in a related story:

    Woman Develops Persistent Genital Arousal Disorder After Wii Fit Injury
    FOXNews - ‎8 hours ago‎


    I am going Long NTDOY (Nintendo stock)
     
    #115     Apr 15, 2010
  6. Some day one of you is going to be right. The rest of you will be in the poorhouse.
     
    #116     Apr 15, 2010
  7. jax88

    jax88

    ahhhhhhhhhhhhhhhhh looks like I won't get a chance to get those higher prices, ES is already down 5 after hours. We will see what Europe brings.
     
    #117     Apr 15, 2010
  8. Guys, I believe THE downleg is in progress. Thursday morning, overseas markets rejected Wednesday's US rally, and the US decided not to persist rallying. My 50% cash position says we don't go higher.
     
    #118     Apr 15, 2010
  9. is this the beginning of the end for the bulls? i would like to see at least one red day just to make sure there is some blood in the market and not just silicon.

    the last IRAs got funded today. there are probably no natural buyers left in this market since mutual funds have been running the lowest on cash since 1987. :eek:

    E-mini S&P 500 (Dollar) Jun 10 1202.50 -6.00
    E-mini NASDAQ-100 Jun 10 2025.50 -9.25
     
    #119     Apr 16, 2010
  10. FIVE REASONS TO SHORT THIS MARKET:

    1. The dow is approaching the 200 per moving average on the weekly chart.

    2. The last time this happened was the summer of '08, when it broke through on the downside and collapsed.

    3. There is heavy short interest in the SPY's and Q's, and I believe they're getting whacked by the quant funds who are squeezing them out on low volume.

    4. The Q's had trouble holding 50 the last time, yet the TV people were still saying "buy buy buy", and we all know what happened after that.

    5. Those with patience will nail the top. The market has gaps below, and they WILL fill eventually. It will be evident in hindsight, but for those who can take the pain now...revenge is yours!
     
    #120     Apr 16, 2010