SPDR S&P 500 (SPY): From Evil Rat, Just do not understand...

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Tuesday, 09/15/2009 9:41:29 PM

Tuesday, September 15, 2009 9:41:29 PM

From Evil Rat,

Just do not understand why this guy is fighting the tape so much....is there a glory to being different ...?

"There’s the early morning drop to lure in a few more bears - and then watch the POMO cash being levered and deployed as evidenced in price and signal strength on the Zero Lite.

I added more puts towards the close today - but don’t do what I do as I’m crazy like that and my bearish disposition approaches the demented. If you can’t take the pain wait for a reliable signal that P3 is in session - there is no way to reliably call a top on this thing. Blow off tops have a nasty habit of pushing way beyond what you thought would be your max pain threshold."

2bit

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