MP always looks fantastic after the trade. It's a bit like fuzzy logic oscillators or [gasp], Elliott.
Yes....the 1336's and the 1347's were never shown or mentioned by me before todays trading....LOL! Here are the levels for tomorrows trading......... http://www.charthub.com/images/2006/10/03/MP.png http://www.charthub.com/images/2006/10/03/MP_2.png 1347.25 1337.00 1331.50 (minor level) 1324.50 Below this 1320.00 is the major level imo for this range we are in...if this level is breached with initiated selling, then liquidation would accelerate imo. *****DISCLAIMER***** I do not and will not enable negativity!
Good one....LOL! I was having a bit of fun and trying to get a rise out of you. Btw, you want to teach me how to do some Nassim Taleb trades?
Sure, this would be the my method du jour: Step 1: Write a book with numerous errors in formulae. Step 2: Take book royalties and buy deep otm gamma... after-all, it's pure curvature! Step 3: Have your rich wife write the checks while your gamma sleeps in the Land of Wind and Ghosts.
You forgot the......... Step 4: Hit a trade with a 67,000% return and look like the "hero" that you now are.
I'm unilaterally giving Pabst a mulligan here. He deserves it, and I didn't like this call when I saw it.
actually on the SPX as far as SET (or exp) is concerned since 1998 If we have had an UP SEP (compared to Aug) then OCT was down and often visa versa unless they were BOTH down. One exception was 2003 (a bull year) when both Sep and Oct were up. I believe the probabilities are that SPX Oct 2006 will be lower than Sep (exp & Set). Whether it has topped for the year I have no clue but I certainly hope Pabst won't leave ET...say it was just an "empty gesture "
I doubt ET is such a prize one has to use it as punishment for making a wrong call. But it is interesting how SPX keeps fading off of intraday highs and pulling back. I think the bulls are waiting for Friday's report and the bears keep pushing us off of SPX highs. Dow does not count really since it is 30 stocks so even though it is making new highs, 3 stocks having a strong day raise the DOW. We may not crash but OCT could be the rest before the Turkey rally starts up...
Thanks for pointing out the facts. See what making claims without the facts got me I am short the YM and ER2 overnight. But probably not as vehemently bearish like Pabst is but true, I would hate to see him leave.