In essence we are going to see what happened into expiration last month ie; a wiping out of all the calls. Last week finish to the DOW also suggests that the selling is not quite done and we may see 8400 beofe all is said and done. If that happens we have all indices hitting new post sept. lows and then we are off to the summer "rally". Frankly the way MSFT has been acting I think we are in for a surprise to the downside this week by them which may be the reason for your spike.
Congratulations on your call for 1405 on Friday. That was beautiful. I hope you are right about 1296 too, that way I can finally go long. Waiting patiently.
Well you and augi have given me more than enough to try to understand and digest. Thanks and also thanks for your sharing of your thoughts. I can't play the daily trader game you do but by trying to integrate your thoughts long term I have made considerable money lately by buying USPIX or UOPIX funds. It is tough though because Ameritrade wants one to buy or sell the fund before 2PM ET.
You won't recognise my handle but I have been following (lurking?) you since Genesis (at least that is what I think that old portfolio killer was called.)
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