This is some very bad fundamental stuff.Da_Cheif, Mar 9 2005: what caused it???...lol....you have to understand that in front of expiration....this market is maninpulated and controlled in order to accomodate the payday for the boyz.....huge money is made via options at the expiration...wed before the week of expiration they see to it hat expiring call options are served up very cheep........think like criminal.......
I don't know where the market is going.
I just draw lines and see if it can cross them.
My question is: Is this going to be one of those "Air pocket drops" before opex.
For years the week before opex (WWW) we would rally and then before the week was over there would be an "Air Pocket Drop" out of nowhere. Or was Wednesday's rally their chance to make money if the market closes down on opex?
Is this going to be an ABC decline which ends August at the lows of the month?
1998, Cirrus, Frac Man, etc. style?
Draw your lines in the sand and enjoy the volatility.
For those of us who are retard traders (largly in funds which have trading restrictions)...I have to miss much of the fun.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=0&i=p72160678317&a=103784149&r=355.png
Edited by Rogerdodger, 09 August 2007 - 11:10 AM.
