Breakout failure !
#1
Posted 25 January 2007 - 03:08 PM
#2
Posted 25 January 2007 - 03:13 PM
#3
Posted 25 January 2007 - 03:17 PM
#4
Posted 25 January 2007 - 03:18 PM
No, not yet. I will wait for a bounce !
Always room for one more... on the roller coaster
#5
Posted 25 January 2007 - 03:22 PM
No, not yet. I will wait for a bounce !
Always room for one more... on the roller coaster
We don't need no more stinkin' bounces!
IT
#6
Posted 25 January 2007 - 03:30 PM
#7
Posted 25 January 2007 - 03:36 PM
The hedgies stopped selling volatility all of a sudden, this is a month (or two) after the SEC relaxed the margin rules. I have a feeling that the market is still in the wide range, but writing options is not the way to go, so they are trading instead of selling the volatility. Just some thoughts, this is also inline with the topping picture, many sharp ups and down perhaps without much trend, I don't think I am trained yet...
What kind of a top are you looking for ? ST or IT ?
No, not yet. I will wait for a bounce !
Always room for one more... on the roller coaster
We don't need no more stinkin' bounces!
IT
Fair enough
#8
Posted 25 January 2007 - 03:42 PM
What kind of a top are you looking for ? ST or IT ?
Definitely IT... I am looking for an IT top in Feb, perhaps in the first week of Feb, the volatility is now going up, and it will continue to do so...
Don't you think there are many people who are now looking at these charts and drooling to buy puts or calls?!? Those will also have to give up. By the time it tops, everyone will be convinced that the high volatility is normal, until it doesn't come back. This is a prep for a large decline, no doubt about it...
#9
Posted 25 January 2007 - 03:42 PM
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=8&i=p67438202531&a=91454708&r=8305.png
Edited by Teaparty, 25 January 2007 - 03:43 PM.
#10
Posted 25 January 2007 - 04:05 PM
Mark S Young
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