4 replies to this topic

[CLK]

....expect a couple weeks of chop to identify it, and the swings must be wide. Don't look for more than a simple ABC of 3-5% if we break to new lows right now, the market is not going to crash.

Edited by CLK, 23 May 2013 - 05:42 PM.

[CLK]

Going all the way back up, nothing more than Fed speak irrational nonsense. Volume just is nowhere to be found, no top.

[tommyt]

....expect a couple weeks of chop to identify it, and the swings must be wide. Don't look for more than a simple
ABC of 3-5% if we break to new lows right now, the market is not going to crash.

do we really care if its a top? you wont know till way after anyways. Pick your spots and go.

[CLK]

....expect a couple weeks of chop to identify it, and the swings must be wide. Don't look for more than a simple
ABC of 3-5% if we break to new lows right now, the market is not going to crash.

do we really care if its a top? you wont know till way after anyways. Pick your spots and go.

I don't see how anyone could have picked a spot to short with puts over the last month and gotten out without a loss,
the moves barely cover the spreads.

[tommyt]

....expect a couple weeks of chop to identify it, and the swings must be wide. Don't look for more than a simple
ABC of 3-5% if we break to new lows right now, the market is not going to crash.

do we really care if its a top? you wont know till way after anyways. Pick your spots and go.

I don't see how anyone could have picked a spot to short with puts over the last month and gotten out without a loss,
the moves barely cover the spreads.

option strategy is everything...the rest is luck, as options are a wasting asset and all premium expires.