Zeev, do you think QQQ can be at 25 towmorrow to kill the calls? With DELL out maybe the productivity numbers, consumer confidence will be key to spin the markets.
covering by naked writer amplifies the deviation from max pain
I flipped from short to long market right after Iraq announcement Tuesday. The short volume Monday just didn't compete with long action on Tuesday morning and I wasn't going to be last guy throwing in towel.
How much longer can this post election happy hour continue. Someone is going to get big hangover if the economy doesn't back up stock price increases. I have been busy today closing business today. It has been a long time since I said that statement. I wil let you guys know if I get more bullish if other long lost prospects come out of the woodwork looking for new or upgraded IT solutions and can write a check to pay for it.
zeev, relative to 11/6, does the lack of new highs, lower 10sma equity p/c ratio(61.8 now vs. 64.1 then) and nearly a double looking at the tick/trin ratio for the respective dates re-inforce your call for a 3 step drop; modify it or given the bias that currently exists, abandon it completely? i'd appreciate your thoughts; thanks.
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