37 replies to this topic

[NAV]

we have started a multi-week rally which should take us above 1100, but not to new recovery highs above SPX 1220

That is funny option. Multiweek rally to only below 1220?

Why is it funny ? It took us 10 ten weeks from the April top to the recent bottom.

[Iblayz]

I would love to see a print of either 1092.03 or 1109.58. 1092 with a 1085 area close would be a thing of beauty. But I say its over by Monday regardless.

[rkd80]

OPTION 3 is the most likely scenario. This is the one I am favoring and will position myself as such. Already long and do not plan to sell until 1070 where I will take some profits. Long UWM and IWM.

[gorydog]

OPTION 3 is the most likely scenario. This is the one I am favoring and will position myself as such. Already long and do not plan to sell until 1070 where I will take some profits.

Long UWM and IWM.

option 2, and it is over by Tuesday. That constitutes a long term trade for me anyway.


GD
I'm going to modify that. Check out the chart the $BPNYA. This won't last as long as egg salad left out in the sun

Edited by gorydog, 07 July 2010 - 10:46 PM.

[zoropb]

2 for me too

[colion]

I'll take "2.5" with 1095 around OPEX.

[NAV]

Thanks for all the responses. Come'n guys, we need more participation. There's nothing to lose except a prediction going wrong, which is not unusual in this business. Roll the dice !

[outsider]

Thanks for all the responses. Come'n guys, we need more participation. There's nothing to lose except a prediction going wrong, which is not unusual in this business. Roll the dice !

OK, #4 sometime by year end, though it may not close there. Hey, it's an election year and the dems are big spenders!!

Out

[golden]

1) We topped out today. The sucker is done and it was a classic bear market squeeze. Short the crap out of it. We are headed for new lows.

"It's difficult to predict, especially the future"

Hmm, since most are choosing the obvious number 2.

Number 1 it is.

[thespookyone]

I'll take 2, that said, 1 was very attractive as well.