10% SPX Mar 1430
15% SPX Apr 1430
15% SPX Jun 1430
10% NDX Mar 1800
25% NDX Apr 1800
25% NDX Jun 1800
Again I will hedge them with the Feb contracts if necessary. But, I strongly believe this is the last chance for anyone to exit their long positions by March or so...
There is a significant slow down coming according to the commercial credit growth, I detailed this chart in a previous post, so I am only posting an updated chart...
For the short term, the securities lending and the open interest picture confirms with the fundamental liquidity outlook. The institutions trimmed their commitments down in the derivatives and the securities lending did not increase ahead of this week's decline, they are selling...
Good luck,
- kisa
Edited by kisacik, 26 January 2007 - 11:55 AM.