How do you guys interpret the spike in index put call ratio today? Smart money getting ready for a crash? Or Dumb money going short?(which would leave room for more rally)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=234209 So will this down move come any sooner than 3 weeks later after it has moved higher, SuperCycle?
Beau "Bear", don't give this guy a hard time! You just bought into SQQQ again! AAPL has just cost you a bundle in after hours trading. Where did that high of 2396 go? We're rapidly approaching 2500 now. What about that collapsing Euro? I guess I was wrong on the DOW 13,000 by the end of 2011. Missed by a month or two.
No, dillweed. 1370 is your target. Market timing is such a fool's errand. Of course, as you have demonstrated, you reserve the right to change your mind twice per day using broad, macro declarations. You are not correct. The market is correct.
BeauWo, Didn't you go short right around the beginning of the New Year? I mean for all the talk of 9000 percent returns, I've seen nothing but mediocrity from your publicly tracked system. Just saying...
Probably 2, given the indices are up ah right now. Sideways, IMO, is the most likely direction overall for the next little while (like, the next few weeks?) (and probably after Jan 31, since some EOM window dressing is more or less baked in the cake by now). No one is expecting that. If it happens, the Options forum will once again be full of guys talking about their iron condors, at which time of course we'll again fly off in one direction or another.
Bone, Thanks for actually contributing some analysis with your SP500 target of 1370 But why post that emini chart ? It tells ET readers absolutely nothing.