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NYA and 8400 is probably important here.
Thanks so much to you two primary posters (and others who occasionally add info).
What you do is extremely valuable.
Thanks.
I think they will start a bear-whipping today to get back to 12,000.
I am not saying they will get it there today.
mbcheng, trinq was very very low is a good strength indicator.
I just sold the puts I bought this morning +35%
Two, I bought puts here. I think this is floating on thin air.
JMHO
Taxman, the $5 May put is $.26 right now and the Nov $2.50 call is only $3.25 (a much better buy than the $5 call).
Taxman, DNDN May $5 puts are .26 instead of shorting.
be, and don't buy puts when the trins are way under 1.0!!
You are allowed to buy calls....
This is the Jackie Gleason market (one of these days! Alice)
But they keep propping it every time it almost drops.
Futures settle instantly, options next day, and stocks in 3 days.
Glen, They are not real big but 200,000 Q puts and calls at $45 might be a magnet until after friday. We may just sit around here.
NM, I'm often around and trading but not posting much. Sold my puts before the close at a nice profit. I am ready to buy the dip in the morning AND YOU BETTA BE RIGHT!
be, Excellent point on trin/price.
I fully agree. I bought Q puts a little while ago.
lee, Or anyone else. Any time you get a warning like that just delete it. In order to follow up and check it, use your own trusted link to the IB web site and see what is going on. Never click on a link that is supposedly going to help you.
Low trin maybe is the boys trying to hold the eom up without expending too much?
On another board I have heard that any such link about Bin Laden capture is a virus. Wait for TV to have it on if it is real.
Thank you, I couldn't believe it was 12%, but 5% is still a huge factor.
Foot, If you or anyone else see this and can answer. I looked up a site that said AAPL was about 12% of the Q's. Is that really correct?!! If so it does REALLY move the Q's.
MSFT's offer for Yahoo is only the price less than 3 mo ago.
Cap'm, I think in perspective the negative jobs is more important. Yahoo was at $32 just a few months ago, so it is not a real "premium".
Are there people here who have subscribed for a while to Money Machine? Can you honestly comment on how well it works? Thanks.
Any extra information would be very appreciated.
Restarting QT, I find sometimes I have to shut down and reboot the computer also.
Jobless claims down was the big number, and houses down is actually very good. The housing cycle will not work itself out unless they stop building houses there is no market for.
My stupid calls are finally in the money. We are doing this with still high trin and trinq. If we can get above 1400, 12600, and 47 WATCH OUT!
I'm now in calls, out of puts.
Looks like da boyz take ova.
AAPL just took the Q's out the bottom.
Difficult to say if everything else will follow.
SPX new lod here, DOW futes may join in. Still holding my puts.
Who would dare buy here? Go ahead make my day!
SPX desperately trying to hold 1400.
I think it loses it.
I like my puts more this am than yesterday afternoon. At first I thought it might have been a mistake.
I knew Citi and retail sales would be in the dumpster.
I am not going to fall in love with puts, though.
Any substantive government screaming could cause a large pop.
Out of calls and into puts here.
Strong push up here. Still in calls.
We will see what happens at previous high 12750.
My guess is the market will catch "mad bull disease" today.
Looks like calls on friday were a fairly good idea! VVBG
This bounce could be large today, but I am not saying I'm going to hold it too long.
"OPEX week and the possibility of good news (from the FED) may ramp it next week.
It's all relative: even though this looks like a real bad day, we are well above the levels only two days ago!!!
JMHO"
gtcstorm, VIX does indicate protective fear (put buying). It and the trins were not extreme today so I think "they" just let this drop a little without protest. OPEX week and the possibility of good news (from the FED) may ramp it next week.
It's all relative: even though this looks like a real bad day, we are well above the levels only two days ago!!!
JMHO
Note: out of my puts and into calls here. Indicators did not indicate panic.
ballyhooo, there is still hope at 1400, 47, and 12600.
IF we fall through those it will not float any more. They are really supporting the Q's here (or were, it just stopped).
Edit: 2:02 Q's losing 47? This move down the channel we are in should go below the above numbers.
When the trins move up the drop will be baaad.
dan, SPX will test 1404 again here. If it fails this is not "THE" bottom.
We have to see what happens at SPX 1404 right here.
Rising TRIN, and you know wha dat meens!??