Options Wonderland

[*~1Best~*]

SPX: Thank you, greenstreet for your support and encouragement. I have noted, as you have, a warning signal for a meaningful correction after the rally since my Jun-Jul 06 bottom call which I reposted below as references from the confirmation emails that I have.

As shown on the SPX 60m chart, market has retrieved from the upper resistance. Wonderbuy and I were discussing a pull back as we have on CS board, but the sharp correction that I have seen today is certainly sooner than we anticipated. Market closed at the low into close and near the lower TL support as shown on the 60m chart. I will be observing a follow-up day tomorrow and reassess the reversal day which we have seen today.

Thank you again for your support, and please repost your thought if you could.

Best Wishes








--------------------------------------------------------------


Nov 20 2006 12:24PM
Title: BEARISH after 20% Gains since Jun-Jul Bottom Call

20% Gains since Jun-Jul Bottom Call:
We have 10-15% YTD market performance and about 20% gain since Jun-Jul 2006 Bottom call.
Those who were missing out the mid year bottom are pushing markets higher for their EOY performance. This is unstable market price actions which need to take the nature of parabolic price actions carefully, in order to avoid disaster!

--------------------------------------------------------------


Jun 19 2006 7:58AM
Title: re SPX Trendlines & SPX 1350 +/-

The SPX target for the recent run is as shown on the chart, SPX 1350 +/- area which is upper trendline as shown on the weekly chart.