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In that case who will honor the puts?
I think every virus which can kill is important. It is a setup.
I look Put call ratio differently, look at same price for every 1 39 QQQ call 3 Puts have been bought.
We will go up from here I just sold my all puts and I am now SPY,
ESM6, and load of QQQQ calls. I am net long here
Good luck to all.
Farooq
CNBC Reporting this as reason "Bird flu"
http://www.bloomberg.com/apps/news?pid=10000080&sid=aWESsJvt6CFE&refer=asia
CNBC Reporting this as reason "Bird flu"
http://www.bloomberg.com/apps/news?pid=10000080&sid=aWESsJvt6CFE&refer=asia
CNBC Reporting this as reason "Bird flu"
http://www.bloomberg.com/apps/news?pid=10000080&sid=aWESsJvt6CFE&refer=asia
Lowest after close is 1249.50. Globex
your numbers are not for June contract.
Farooq
I doubt we drop below 1242 other wise signal is saying watch your capital.
That will be scary.
Farooq
Tomorrow after noon we will see.
Farooq
We close @ the money.
http://www.investorshub.com/boards/read_msg.asp?message_id=11238381
I agree.
Most ETF for indexes showing huge bids, buyer scare and do not want to bid up.
Over all there is not much to disagree with you.
Good luck.
Farooq
Very low volume is good for bull case.
If there is no one ready to sell then price should go higher.
Farooq
It is always good to take profit.
Off course I do not know future and I was wrong many times, JMHOP.
Farooq
That was in bull market, if we unable to touch the floor, technically we are in bull trend but in a bear market we will try again in 2-3 weeks to penetrate the floor.
Off course I do not know future and I was wrong many times, JMHOP.
Farooq
Thanks.
I am long with Puts because I know that I do not know many things.
If these number proven correct I will be long on wednesday with more calls.
Always keep some powder dry.
Farooq
23.69 % Correction is possible for this pattern. But we are near the floor on NDX, 1556—1552 is floor and by Wednesday we will turn, but if we break 1552 we could still crash. Tomorrow is highest probability on penetrating these numbers. On S&P 500, 1253—1247 is a magic support for June contact which will be tested in next Two days. If today is the low then it is possible that we might make new high on both indexes for the year. This is only 20% chance, will need major change on political scene. We will pull back before going down straight, 1295-- 1300 on S&P 1691 on NDX is doable.
Off course I do not know future and I was wrong many times, JMHOP.
Farooq
Would you run same for last 6 year.
Buy hold is good because you are starting from low, start from 2000
and result will be different.
All indicators are past history, MA are Trending history, When a lot of people used them they become usefull.
JMHOP.
Farooq
Glen,
You are day trading with weekly chart, you should use three months to 1 month chart. Use one year chart for bigger picture.
Do not dishearten now.
You are looking a wrong chart, look at this one.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=1&mn=0&dy=0&id=p78484259697
I am still bearish but I am not in extreme. I sold some bearish spread for Monday if we do not crash I will cover them tomorrow but I am betting only 10% of equity so my max loss would be 5-10% of my bet. In this business money management is 80 % and 20 % is TA and Picks.
Good luck.
Who ever is dropping this market they are more savvy then Fed, If Fed is pumping in the morning then they are not following in the evening.
I do not believe Fed has any thing to do with it Fed will com in Tuesday or Wednesday after the Crash.
87 Crash started with currency talk so is this one.
I have bought protective puts for June and sold some May calls.
Feds comes in after a severe drop of one day, IMHOP they do not, do not react to slow drop.
They were trying to scare the market so why they will be going against there own plan.
I think Fed intervention is your wishful thinking.
I respect your opinion .
That guru is very value able because you just need to do reverse his call.
Good luck
On Friday QQQQ will close between 40 -- 41.
We will take out 1283 on S&P today.
JMHOP.
Farooq
All that time frame is in a bull Market. Bull market rules can not be applied on bear market.
JMHOP.
Still short some calls, Major is in and near flat line.
Farooq
May be, May be not.
No way, They are better then Brown, I had GTC order on QQQQ@ 40.50 to sell @14:11 print is 40.50 bid they did not gave me the fill again 14:12 bid is 40.50 they did not fill my order. I was out to pick my daughter from UVA. I have filed an inquiry if they do nothing I am taking my business away. This happened once in Brown and they gave me the fill.
My experience is not so good 75 trades in this week 5 have lousy fill.
Every time it is market order they charged me penny more then market. on 5k QQQQ that is 50$ on each side I should get ask on buy and Bid on sell not Penney more on each side.
Farooq
Thank you.
Farooq
Yes coming in the morning I was long 4000 shares, I sold 41 May Calls against them sold shres @40.90 and covered the calls, took loss on that.
I sold to close 120 of may 42, 60 of may41 and 40 0f June 42 Puts.
Now Long 41 and short 40 in May series and June series.
Just got lucky.
I am planning to sell the bounce. My risk is 40 Peny
per cotract.
Is the VTO tested in a bear market??????
Farooq
Are you long?
I am. But no body forcing me to trade.
Farooq
Glen keep your powder dry. Bail out of margin, This could be a crash. As a prudent trader take your time. If I am wrong in my call then sooner I do some thing about it better it will be.
I am doing this here. I am selling my stock and instead buying calls and puts because market is uncertin. I will make money on one side.
JMHOP
Farooq
Seems no traction, buyers on strike.
EOM
I think current market behavior is trade Mark of Dennis Richard and his group. Now when ever maket will drop it will be 25 % at least.
Turtles are famous for this type of trading.
JMHOP.
Farooq
Where is your stop loss?
Farooq
I think they will drop it down hard we are below 65dma if that hold tomorrow we will test lower resistance.
Farooq
I went long @ close 41.62 wanted to flip in after hour no luck will see tomorrow morning
Attack on Iran and unstablity in middel east, They are not buying dollar, They are buying Gold and Euros with oil money.
Farooq
Wait till 05/10 you will reap reward.
If you are afraid buy insurance.
Last and not least if it hit your stop loss then take a loss and move on.
Good luck
Farooq
WS,
What will be rate of return for foreign investor taking into consideration of drop in dollar, and if market drop here will they stay?
Farooq
I went short on S&P 1327.50. I think we are over bought.
Farooq
Which broker you use and how much they charge?
Fed is going to stop and then market will come into senses that economy is heading down, as long as they are raising rate logically we should continue higher.
Great post.
What is your view now ?
Farooq