Replies to post #47204 on SPDR S&P 500 (SPY)

[Neutral Man]

For the S&P500 play-ar's amongst us............!?

Up, Up, and more Up!?

Date Open High Low Close
11-Apr 1357.98 1357.98 1331.21 1332.83
14-Apr 1331.83 1335.64 1326.16 1328.32
15-Apr 1337.59 1337.72 1324.35 1334.43
16-Apr 1337.02 1362.62 1337.02 1362.63
4cast
17-Apr 1365.36 1371.93 1357.43 1371.22


Looks like IBM provides a GAP up in da-morning, Go Figure!?

You go Boyz, DUP-em, Dup-em REAL GOOD, LOL!?

[Neutral Man]

Up, Up, and More Up, WOoHoo.............!?

Date Open High Low Close
11-Apr 45.02 45.10 44.12 44.28
14-Apr 44.21 44.48 43.95 44.08
15-Apr 44.24 44.35 43.68 44.14
16-Apr 44.65 45.48 44.65 45.37
4cast
17-Apr 45.75 45.96 45.24 45.81

Auhh SHORTS... are you having FUN Yet, well hang-in dare as tomorrow ALL da-FUN is gonna be taken AWAY, LOL!?

You go Boyz, Dup-em, DUP-em REAL GOOD, LOL!?

[Neutral Man]

AprOE Play-Book (more like DUP da-Boyz Book), for star-date 18-04-2008!?

Today is likely to be one for da-Record Books and when da-Bears reflect back on their decision process they'll think long and hard about using Options to Protect themselves against this kind of Rape-n-Pillage show!?

For those having witnessed Short Covering Rallies in the past you've obviously heard the infamous "Mother of All Short Covering Rallies", LOL!? BUT, today is likely to be recorded as the REAL Thing in regard to "Mother" and "Short Covering Rallies"!?

We'll NOT be posting a 4cast today since it's Impossible to Extrapolate the outcome of a Short Covering event that has been building for over Three months!?

That said, we suspect when the Dust settles and the Day ends that GOOG will Close Up 100 at 550 and the Q's will close above the previous OE High or 46.41 and likely near the 4cast'd close of 46.86 that you'll find at the bottom of our AprOE Stuff update?

Obviously we'll be posting Ridiculous Gains this morning our our Apr42 calls (480 contracts), and our Apr47 puts, also (480 contracts)!?

But it won't be the gains that'll make today a FUN One, it'll be waiting for ANY dips below 46.00 to RE-Load that'll be the FUN Part!?

For da-Bears, Our condolences for sure and anyone who thinks this will be a One Day Wonder, NOT!? Think about it, the margin calls will be triggering well into next Wednesday and these Short Play-ars will be FORCED to COVER!? Do you really think da-Boyz are gonna let up until After those Margin Calls are met, well, do ya, LOL!?

In Summary, the DCB started on 24/26Mar and we backtested at 43.28 (the OE Low btw), then we made a new multiweek high, 46.41 (the OE high btw), and when we re-tested 43.66 and it Held the DCB was confirmed and the New Uptrend is still in tact!?

Now What... well, we should expect 45.00 to HOLD during the MayOE period but we suspect higher highs into 23Apr that tag 47.96 before we pull back into the Fed Meeting 29Apr?

Good trades now get in dare and make some Money, WooHoo!
nm