Replies to post #1255 on MMCLUB

[Naztrader]

ddfridd - article............................................

I actually read that article a couple of days ago as I think it was Mr. Cash who posted it over on RB's TA thread.

SSR is one of the data points my service tracks each week. Its a component of my weekly sentiment index which I post here. I believe it has merit. If the SPX were to trade above 1075, it would represent a historical first for the IMF indicator. We can only imagine the upward explosion that would take place if that were to happen. This is why I continuously track the SSR as we creep closer to this threshold.

I initiated a couple of hedges in AH on Thursday off the Intel midquarter update. I shorted the QQQ's @34.30 and CSCO @20.75. Both are well above MP, although MP has been creeping higher lately on the Q's, with OI puts exceeding calls through strike price 33, putting MP over 33 on the Cubes presently. Unless the bears become less lathered, there won't be much of a downturn this month, IMO.

Good luck.



Regards,



Naz