11 replies to this topic

[arbman]

You are right, there is not enough fuel to sustain much more upside, but the market can get irrational right here since Qs are almost guaranteed to make new highs and it will attract attention and there is enough positive line up for a few days here for the ST...

This is only in the shortest time frame, the longer ones did not turn up yet on any of the indices. However, nasdaq and Qs and semis are leading and they will probably turn in the longer time frames, if the rally doesn't stop short of diamond formations. I am not going to sell short here apart from mini scalps, I would rather try a bit more long on a pull back for a day or two more...

- kisa

[arbman]

Looking for the equity P/C at 0.46, this rally is setting up for the greatest short of the year probably. One just has to watch out in order not to enter a bit too early, given the downside potential here, I can be patient a bit more, but I will load up in the days ahead. The premiums are a bit high due to Fed, so I might not take any trade until tomorrow...