Notice the question mark on the end of the sentence, that was me asking you if thats what you implied earlier?
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!
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.
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