I will give you a full update later.
I am scaling into bearish options spreads above 1540 SPX.
Denleo
I see risk starting tomorrow
Started by
denleo
, Jun 04 2007 02:55 PM
3 replies to this topic
#2
esther231
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- TT Member+
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Posted 04 June 2007 - 03:02 PM
Much thanks for the update.
Very interested in what you are seeing.
When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells
#3
Bandit
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- Traders-Talk User
- 308 posts
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Posted 04 June 2007 - 03:18 PM
I will give you a full update later.
I am scaling into bearish options spreads above 1540 SPX.
Denleo
Very good calls -Denleo
I just sold all my long positions at the close!! Looking for a coorrection into Airedales
late July 4.5 year cycle low!!
Bandit
#4
denleo
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- Chartist
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Posted 04 June 2007 - 03:28 PM
Hey Bandit, good trading!!!
As I said many times before, when I say I see risk, it does not mean "a top", it does not mean "sell off", and it certainly does not make me a bear. It simply means that the risk of being long is much higher. This is not the end of the bull market. But the probability of a short-term and even intermediate-term correction is higher than normal. If you are a trader, you may want to pick your spots for short trades, or like you just did, decrease your longs or hedge them. I will update my indicators and thoughts later tonight or tomorrow.
Denleo
