R.I.P. To the Great Fake Bull Market of 2008

what's a blotter?
I'll just tell you if I get in and how heavy I am...
is that sufficient for you, teach?

 

Oh it could be my little garden dwelling friend.

That's what always keeps the markets going.

 

No worries... I just wanted to "sell to you" directly. Fund managers are gonna be forced to sell today so this thing should close on lows.

What's your time frame?

 

i'll be buying it from some other chump (hehehe)
if it gets there...it might not..and if it doesn't it's OK, because I am working a Bond position that should shoot the lights out (or not) if the SP decides to rally...

I think by year end we have record indicies...Dow and Spoo..
or at least close to records..

3 day fade going on here...funds will be buying..

I'm a pretty humble trader..if the market tells me I'm wrong (multiple closes below 1361), then I'll take my ball and go home..

 

Fair enough... A close above mondays high and I take my ball and go home too... or Dow 10K... wichever comes first.

 

you are selling YM?
buying puts?

 

Let me come out and say that one of two things need to happen:

1) Modify the margin ratio of CL
2) String out the CL speculators and hang them by a crane (which is the same as #1)

 

Wow.... hope you got that fill at 89... what a bounce!!

Yeah right now I'm short YM, have spy 140 puts, and vix 20 calls for July.

 

Where did you get that 89 number for a buy? Is that a known support level?

 

Anyone noticed that Nasdaq formed what is called "an outside key reversal to the down side"?

There was one on 4/30 and one on 5/7 and we know how that ended.