Nitro, it's become much harder to trade without your global-macro-market calls to fade.... Now I actually have to do some real work!
S SPX 1541.25. Notice that I am actually short ES, but I don't want to worry about posting the roll. One lot. Will addd short at 1572. Profit target 1520.
Nitro, you see this chart and think: Short! I see the same thing and I think: Buy (on dips)! It's early March now... why <i>shouldn't</i> we get a cycle of rallies and buying-opportunity pullbacks until some point in May when we finally sell off hard? No reason... so we <b>should</b> get that! So Nitro isn't wrong <i>per se</i>, he's just two months early. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3752720> So Nitro is still shorting uptrends at the wrong time of year, and I'm still a cocky asshole. So what else is new?
Great! I'll be generous and give you <b>even money</b> on a binary touch option, $SPX to hit 1520 by the end of the week. With a 75% chance, this of course is the opportunity of the year for you. So how much are you in for? $1,000? $5,000? Unless of course you were just talking out your ass...