Replies to post #224980 on Option Millionaires

[stutz7]

Thx for your views RMM... Any reason for your pullback prediction? Technical? Rates? Earnings shortfall?
Thx in advance... Great timing on your calls and put plays...

[uranium-pinto-beans]

thnx for sharing mm!!

[ced70]

I have found it is very hard for me to try and call the top in a bull market. Also we have seen this type of bounce several times and it pushes to all time highs. lastly i do agree with the volume statement but i will say overall this entire dip and recover volume has been lower. in october all the red days were over 200 million volume and the average red day volumes a couple weeks ago were higher than 200 million. this last dip only had 1 red day barely above 200 million but you are correct the green days were lower as well. Thursday volume did significantly increase from wednesdays. Lets see what happens today. These pullbacks are healthy and i think one big factor will be oil.

[Wishthiswasmyjob]

I see heavy resistance on the SPY here at the 208-210 area, heavy resistance on IWM at 119-121. I am already watching the Feb. 20th put plays.

I think the problems in China (economic slowdown, debt increase, high probable defaults) will have a world economy affect – so I keeping a close eye on ASHR and possible puts there. I am watching BAC here as a “global indicator” and I feel it will have a hard time getting back to $18.

The high yield bond market is now in a downward channel – that’s a bad, bad leading indicator… The increased volatility we're seeing in the US markets is NOT a good sign - calm markets are bullish, volatile markets usually indicate uncertainty which leads to bearish moves.

We all know the European and Japan markets and economies continue to face continual problems and failures to “truly strengthen”…
These are bad signs from a global standpoint and this will have an effect on the US companies, since the majority of them are global. The DAX is up against resistance at 10K… The only way we continue higher is through the manipulation of currencies and debt… This is not a “solution”.

I am ready to buy puts today and I feel they have the higher reward to risk potential.