Replies to post #103235 on SPDR S&P 500 (SPY)

[Neutral Man]

EVERYONE should be reflecting back on the Fall of 2008 becasue EVERYTHING happening RIGHT here, RIGHT now is suggesting a "Ground-Hog" event and we will NOT take it lightly!!

We could NOT breach the R2(46.68), yesterday and we suspect this level, 46.68, will be resistance for the remainder of this Century, dats rigth ALL, Century!!

In addition, we're on the verge of GAP-ing below the R1(45.57, AND the S&P500 YTD OE Pivot(1102.47), and this gives us Pause and reason to entertain a move down that'll be Swift and PAIN-full for ANYONE having long exposure!!

We've played a PERFECT OE period posting insane profits of $584.43 against 40 contracts, hence, we've locked in our gains even after we subtract the losses of our remaining Open positions that'll expire pretty much Worthless!

In fact, even though we NEVER use stops we ALWAYS have our open positions protected with out-of-the money positions of meaning. Therefore, we can sit back and watch the show as our May48 puts sold short at 1.00 go against us this morning to the tune of $2.00 per contract or $48/ 40 contracts, Why, because we have profits to cover said loss and we have May45 puts protecting us against further losses on said position!

That said, it does NOT change the fact that the markets are likely to take a SERIOUS Percentage DROP today and many will lose most if not ALL of their profits and/or nest-egg and we DO NOT LIKE such an outcome, PERIOD!!

It's great playing ONLY one side of the trade when your RIGHT, BUT, when you're wrong (which you will be more then not), it's painfull!! Our thoughts and Prayers go out to ANY and ALL who are gonna get caught up in this Off da-Charts event and may GOD have Mir-a-C on us ALL!!!!!


OEPM S/R lines of meaning!

53.35 20.00% R8
52.24 17.50% R7
51.13 15.00% R6
50.02 12.50% R5 (Serious resistance as of 30Apr)
48.91 10.00% R4 (violated 04May, look to the R3 for guidance now)
47.79 7.50% R3 (violated)
46.68 5.00% R2 (currently STRONG Resistance)
45.57 2.50% R1 (spent a brief moment here on 06/07May)

44.46 0.00% YTD OE Pivot (Final Discount Wave Target on a CLOSE-ing basis and tagged 06/07May))

43.35 -2.50% S1
42.24 -5.00% S2
41.13 -7.50% S3
40.01 -10.00% S4
38.90 -12.50% S5
37.79 -15.00% S6
36.68 -17.50% S7
35.57 -20.00% S8

[Neutral Man]

Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?

We got a NEW SELL-Signal on 20May at the Close and that generated a new negate number, 45.24!

We did NOT get above the YTD R1(45.57), only got to 45.28, so we expect this 45.24/57 level to be resistance for the remainder of this CENTURY!!!

We'll use ANY FREAKEN Attempt at a Bounce to SHORT, SHORT, and SHORT again as we expect the S&P500 to end at ZERO on 21Dec2012, oh boy, sigh....

I guess Warren Buffet is gonna lose a whole lot of money on dem S&P500 derivitives but he should of stuck with what he knew, taking peoples money and promise-ing to help-em if they ever got into trouble, otherwise known as Insurance, sheesh another Giant about to FALL, oh boy, sigh.............



Buy-Signals:

The Buy-Signal from 05Feb, and the five buy-signals that followed, did NOT get negated until 27Apr! Since then we've had three Buy-Signals and ALL three have been negated!

No, Date, Negate #
1) 05Feb, 42.44
2) 11Feb, 43.12
3) 12Feb, 43.21
4) 25Feb, 44.04
5) 22Mar, 47.32
6) 22Apr, 49.68 (Negated 27Apr)
7) 29Apr, 49.60 (Negated 30Apr)
8) 06May, 45.99 (Negated 07May)
9) 12May, 48.01 (Negated 13May)

Sell-Signals:

Every Signal was confirmed and Price NEVER closed below the negate Number, UNTIL, 13Apr, since then EVERY Sell-Signal has been confirmed and NOT negated(except the one on 07May when we got that massive short squeeze), WOW!

NO, Date, Negate #
1) 11Mar, 48.30
2) 12Mar, 48.31
3) 16Mar, 48.50
4) 18Mar, 48.79
5) 22Mar, 48.88
6) 23Mar, 49.22
7) 25Mar, 48.91
8) 29Mar, 49.19 (Negated 13Apr with a close above!)
9) 14Apr, 50.91 (confirmed with an additional Sell-Signal 15Apr)
10)15Apr, 51.13 (confirmed on 16Apr)
11)27Apr, 50.34 (confirmed on 28Apr)
12)30Apr, 50.22 (confirmed on 03May)
13)04May, 49.40 (confirmed 05May)
14)07May, 46.32 (Negated 10May)
15)13May, 48.81 (confirmed 14May)
16)18May, 47.36 (confirmed 19May)
17)20May, 45.24

Last but defintely NOT Least is the OEPM S/R lines of meaning!

53.35 20.00% R8
52.24 17.50% R7
51.13 15.00% R6
50.02 12.50% R5 (Serious resistance as of 30Apr)
48.91 10.00% R4 (violated 04May, look to the R3 for guidance now)
47.79 7.50% R3 (next target of meaning)
46.68 5.00% R2 (currently being used as Support on a close-ing basis)
45.57 2.50% R1 (spent a brief moment here on 06/07May)

44.46 0.00% YTD OE Pivot (Final Discount Wave Target and tagged 06/07May))

43.35 -2.50% S1
42.24 -5.00% S2
41.13 -7.50% S3
40.01 -10.00% S4
38.90 -12.50% S5
37.79 -15.00% S6
36.68 -17.50% S7
35.57 -20.00% S8