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what comes first, the bottom or the buffet bid?


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#1 MacRo

MacRo

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Posted 23 September 2008 - 08:18 PM

answer: does not matter, just buy hand over fist. a full 15% of my a/c is in bullish SPY, QQQQ, & IWM option strategies at various strikes going out as far as next quad-ex, initiated today. charts do not lie. look no further than volume the last 2 sessions and ask yourself, who is unloading? and did you see Citi & GS at the close?? meanwhile, in ETF-land, XLF has made a beautiful double-bottom, while XBD has V-bottomed with many a bullish divergence. Fir is about to fly...