Market Reversal

Discussion in 'Options' started by SmithTheTrader, Mar 16, 2009.

  1. Notice the question mark on the end of the sentence, that was me asking you if thats what you implied earlier?
     
    #21     Mar 17, 2009
  2. :D
     
    #22     Mar 17, 2009
  3. FWIW, I am bearish, short and hurt(ing). Holding on to it, though, as conviction's high.
     
    #23     Mar 17, 2009
  4. 6 up days in a row. Market is overbought. Running up against strong resistance approaching 800. Fundamentals continuing to get worse. This has been nothing more than a pullback in a long down trend. Time for me to get back into DOG tomorrow!
     
    #24     Mar 17, 2009
  5. this is option expiration, tomorrow is whipsaw wed, what's the point of discussing market direction this week? (yes bias currently is on the downside with a 6 day ~100pt rally, and heading towards falling 50 sma at 800, but who cares)

    Dont have the risk tolerance anymore to do anything but long back month straddles based on technical with a hard stop loss(theta>2pt). And if the market really moved like it did last few days, then leg into selling frontmonth ~20-30pt otm as the wing, to have a long gut, short 1 wing. Diagonal single wing condor, is that what you call it? lol

    Hang on to your hats, and go for a ride, up or down.
     
    #25     Mar 17, 2009
  6. hummmmmm .....smith may be RFT?????
     
    #26     Mar 17, 2009
  7. spindr0

    spindr0

    Way too funny! Every time I read a screwball post from some poster, I wonder the same thing. RFT has become the epitome of BB wacko-ness ?? LOLOL
     
    #27     Mar 18, 2009
  8. EPrado

    EPrado

    Ouch. 800 trades. Good thing you aren't trading anymore.
     
    #28     Mar 23, 2009
  9. I dont think we have to wonder what happened here
     
    #29     Mar 23, 2009
  10. EPrado

    EPrado


    Them is some rich "fools".


    SP now 822.


    Anymore resistance levels ?
     
    #30     Mar 23, 2009