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Replies to #212 on Foot's Board

Footquarters

10/15/10 8:10 AM

#213 RE: BlackThought #212

Hold long above 1170 SPX








Tradeable short if we break 1170 SPX(nothing to hold long term) unless we break 1156 SPX, which is the target of today's down move. Earning weeks are tricky as generally the best trades are made pre-market or after hours. Put Call ration are 2 to 1 for Puts, so I would expect more consolidation until next week. The 1110 SPX is ripe for testing and the inverse head in shoulders is in play to 1250 SPX. Watching the put/call ratio with the out of BB being a top. Not there yet.