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Need a little more rabid bullishness before next decline


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#1 dTraderB

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Posted 07 March 2010 - 08:11 AM

..before the next decline. Getting there, but a rally above SPX 1150 on Monday should do, with VIX in the 16s or 15s. Complacency abounds, bullish euphoria is increasing. Looking for ST top Monday or Tuesday, followed by a few days of declines.

#2 jjc

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Posted 07 March 2010 - 10:23 AM

..before the next decline.

Getting there, but a rally above SPX 1150 on Monday should do, with VIX in the 16s or 15s.

Complacency abounds, bullish euphoria is increasing.

Looking for ST top Monday or Tuesday, followed by a few days of declines.



I agree, and I think the trick will be to concetrate on buying the dip.

#3 cycletimer

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Posted 07 March 2010 - 11:50 AM

..before the next decline.

Getting there, but a rally above SPX 1150 on Monday should do, with VIX in the 16s or 15s.

Complacency abounds, bullish euphoria is increasing.

Looking for ST top Monday or Tuesday, followed by a few days of declines.



I agree, and I think the trick will be to concetrate on buying the dip.


The dip I am planning to buy tomorrow are call options on the VIX !!!

#4 dTraderB

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Posted 07 March 2010 - 03:00 PM

Interesting, haven't traded these before. Will look at the APRIL 15 or 16 calls

#5 qqqqtrdr

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Posted 08 March 2010 - 02:18 PM

By the dip.... Max Pain on QQQQ is 44 for March so far... I do expect to by a dip, but we need to have the dip to buy... I think the dip will happen mid week... I expect QQQQ to drop to at least 45.5 before it would be worthwhile to start buying.... McClellan needs to drop back also.... I'm bullish.... because 10-day Put/Call Ratios are becoming more bullish as we go higher. Money in Rydex Funds are increasing. We don't have negative divergence any more on McClellan any more. I will take now 2 - 3 weeks for that negative divergence to most likely form... Best Regards, Barry