I believe... weather has been poor in certain regions, so maybe it's buy on bad news... or IF better than expected could also be catalyst for more... OR could deflate things. But the epxiry arb pins are already in the market... So just gonna listen to the market speak, manana'. Full moon Tuesday... effects should kick in sooner... for those that believe in such. b.t.w is there any sane reason that defense stocks are at 52 week lows! I mean talk about nutcake market. War looming these guys sell off. Not a fundamental guy.. but come on now. Security risks higher than ever...? 52 wk lows?!!! (surf.. hope it's Ok to post stuff on 'your' journal... don't know if there are "rules" for OT... are if we gotta open our own to post misc... if so tell me to shut up) Ice
Go! Surf Go! Weeeeeeeee...... !!!! You can do it. You will do it. We all see it!!!! Weeee!!!! *Please imagine Cheri O'teri(was it) and Will Ferrall's SNL cheerleading scheme. But an obsessive surfanatic asian guy dressed in drag, cheerleading* LOL... seriously... good that you have your sense of humour back in ET Chat...
we are still holding longs and tolerating the pain. yesterday and today at the open are potentially harbingers of good things to come. still expecting to profit on this trade. best, surfer
To FOOL MOTHER NATURE! Damn I could not have written a better script! Knew we were going to have some great trading opportunities through next week! Said so. But no, I aint bragging... cause am aware that some on ET don't like anyone to be toooo confident and have TOOooo MUCH fun. Well actually I am. Having fun that is! Watch gap... and then gotta watch 825/850 SPX coming off bull hammer. Retail sales down as I expected (and said)... but BUY ON BAD NEWS... was the theme song ! Damn the market has an uncanny way of phcking so many. Dont' It????!!!!! Closed some short SPX puts near HOD... holding front strangles. Looking to expiry... may adjust a few. Darn but I LOVE those arbs... Good trading brother ETs... gonna be good into mid-Arpil... both sides. Catch the wave... SURF's UP! Iceman
Surf, Looks like the real 2B is now in place, with the SPX out of the way. I was looking at the dow which was too restrictive. Also, it seems like Gann was maybe a couple of days late on this one...? we were close to a fib ratio of the previous decline in time, 13,14,15... then as waxie would put it, KAPOWSA! I know you're long from a much higher level, Good Luck, Mav.
Yeah, I came across some thread on this guy and couldn't help but laugh at all the wowsas and powsas. really funny stuff. that kind of stuck. I don't much about him other than he's the rule the freakin markets guy, right? I hope i don't find myself letting those wowsas out in my conversations with people today! Cheers, Maverick