s&p just made intermediate term top @ 1431.8

you're spending an awful lot of time showing you aren't going to waste your time on me.
try not reading this thread.

 

Finally making some money thornybird ?

 

hey thornybird, simple question. You like to sell premium. What would your return have been for selling puts instead of calls over the past 300 point move ?

 

Thorn, curious that you didn't respond to my posted pullbacks in the eMini S&P. :eek:

 

Market is starting to gain momentum to the upside after the completion of the 3 day pullback in the "5-3-5" sequence.

Now look for 5-8 days up from here.
The low is in for the next advance to the 1455 area.
Should be a straight shot until 1444 before any kind of substantial resistance is found.

Defense stocks ( LMT, NOC, GD, CRDN, ASEI ) continue to scream to the upside, bythe way.

 

Great! Taking a cash advance on my credit card to buy more of those dips!

 

What is up with the homebuilders? DR Hortons CEO said that he is not seeing any signs of recovery and believes the decline is still in early stages and they report horrible results and the sector ramps with DHI up almost 8%! All the while long term rates keep climbing.

 

Perhaps this is a one last push to get the longs in before a huge drop in the next few months.

 

Not before it gets to at least 1660. This is where the fair value is, 15% above from where we are right now.