this will all come down to GM

the LT bottom will come on the day that GM declares bankruptcy if the fed does not step in before then to save them we will see the oex hit 839-715 mark my words

Edited by trioderob, 05 November 2008 - 07:11 PM.

715 was my projected high in a post in 2005....you might mean 270 OEX...C=A

715 was my projected high in a post in 2005....you might mean 270 OEX...C=A

thanks tea-

you are right I was talking about the s&p 500

lets say the fed dont step in as they get to a critical operating capital level,

you would see a sharp and dramatic bottom form between the 50% to 61.8% fib retracement

and that would be the final washout


this is the big story that will move the market and bring REAL fear:




Nov. 5 (Bloomberg) -- General Motors Corp., hammered by the worst auto market in 25 years, needs U.S. aid because ``time is very short'' to stop its collapse, says Roger Altman, the former Treasury official advising GM in merger talks with Chrysler LLC.

With the government offering a $700 billion rescue for banks, it should have enough to assist GM, Chrysler and Ford Motor Co., Altman, 62, said in an interview. Altman, now chief executive officer of Evercore Partners Inc., helped with the 1979 Chrysler bailout plan as an assistant Treasury secretary.

``The consequences of a collapse by GM or all three would be very severe,'' he said. ``The impact would be widespread,'' with jobs lost by the companies and their suppliers.

Edited by trioderob, 05 November 2008 - 07:53 PM.

715 was my projected high in a post in 2005....you might mean 270 OEX...C=A

i sold some 750 ES nov puts today over some 800 calls... a 4:1 ratio... these things expire in about 17 days or so... i think i'll be OK. whatcha think Tea? You think they'll take me out before my delta goes against me?

715 was my projected high in a post in 2005....you might mean 270 OEX...C=A

thanks tea-

you are right I was talking about the s&p 500

lets say the fed dont step in as they get to a critical operating capital level,

you would see a sharp and dramatic bottom form between the 50% to 61.8% fib retracement

and that would be the final washout


this is the big story that will move the market and bring REAL fear:




Nov. 5 (Bloomberg) -- General Motors Corp., hammered by the worst auto market in 25 years, needs U.S. aid because ``time is very short'' to stop its collapse, says Roger Altman, the former Treasury official advising GM in merger talks with Chrysler LLC.

With the government offering a $700 billion rescue for banks, it should have enough to assist GM, Chrysler and Ford Motor Co., Altman, 62, said in an interview. Altman, now chief executive officer of Evercore Partners Inc., helped with the 1979 Chrysler bailout plan as an assistant Treasury secretary.

``The consequences of a collapse by GM or all three would be very severe,'' he said. ``The impact would be widespread,'' with jobs lost by the companies and their suppliers.

so is your bottom on the s&p 715?