Langlui's Big Board and Options Plays

[langlui]

Knight, I am a bear only because the market has been running basically on NOTHING. There is no sign of economic recovery, and it was basically an oversold rally since March, and for people who had been in cash and stayed on the sideline, they jumped in.

my sentiment hasn't changed. problems still exists and can't be corrected overnight. It takes time. Housing market and foreclosure problems aren't going to come out from bottom until 2010 or 2011. This problem is going to put a drag on the market.

You can find some SPY & QQQQ charts on the sticky (the 3rd one down) done by D. He has been a great resource and his charts have great and depth analysis.

You don't have to be a bear to make money in this market. It's just simple, trade what you see but not what you hear.