Looking at the price structure and especially the VIX, which is full of fear, and position polls, I'll make the following forecast:
Qs will appear to fill the gap at 48.8, then turn around and fill the gap being formed tonight at Qs 50.23.
Why? Because price of puts are selling for a premium, and da boyz want to cash in on that extra fear by selling some puts that'll expire in a few days. Then before close friday, they'll ramp the sucker up and it'll be worthless.
The VIX is the real clue here.. its near previous bottom levels, and I imagine a bit of swoon will activate my VIX buy system that I posted earlier.
So wednesday/thursday down, friday up big.. and I mean BIG.
IT wise, the sucker is so overbought, there must be a decent sized correction once rest of the shorts are squeezed out with this coming bear trap.
FF for this week and next
Started by
dcengr
, Jul 18 2007 01:17 AM
2 replies to this topic
#1
dcengr
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- Traders-Talk User
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Posted 18 July 2007 - 01:17 AM
Qui custodiet ipsos custodes?
#2
skyymaster
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- Traders-Talk User
- 1,443 posts
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Posted 18 July 2007 - 06:50 AM
Looking at the price structure and especially the VIX, which is full of fear, and position polls, I'll make the following forecast:
Qs will appear to fill the gap at 48.8, then turn around and fill the gap being formed tonight at Qs 50.23.
Why? Because price of puts are selling for a premium, and da boyz want to cash in on that extra fear by selling some puts that'll expire in a few days. Then before close friday, they'll ramp the sucker up and it'll be worthless.
The VIX is the real clue here.. its near previous bottom levels, and I imagine a bit of swoon will activate my VIX buy system that I posted earlier.
So wednesday/thursday down, friday up big.. and I mean BIG.
IT wise, the sucker is so overbought, there must be a decent sized correction once rest of the shorts are squeezed out with this coming bear trap.
Thanks, have not seen your post in a awhile, you doing ok?
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#3
dcengr
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- Traders-Talk User
- 13,391 posts
Member
Posted 18 July 2007 - 08:59 AM
Looking at the price structure and especially the VIX, which is full of fear, and position polls, I'll make the following forecast:
Qs will appear to fill the gap at 48.8, then turn around and fill the gap being formed tonight at Qs 50.23.
Why? Because price of puts are selling for a premium, and da boyz want to cash in on that extra fear by selling some puts that'll expire in a few days. Then before close friday, they'll ramp the sucker up and it'll be worthless.
The VIX is the real clue here.. its near previous bottom levels, and I imagine a bit of swoon will activate my VIX buy system that I posted earlier.
So wednesday/thursday down, friday up big.. and I mean BIG.
IT wise, the sucker is so overbought, there must be a decent sized correction once rest of the shorts are squeezed out with this coming bear trap.
Thanks, have not seen your post in a awhile, you doing ok?
Yes doing fine
Don't plan to participate much, just testing some waters.
Qui custodiet ipsos custodes?
