Replies to post #80714 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

Notice how it's usually not a good idea to be long unless the McClellan gets to around -40 or so after it turns down.

It is clear the PPT is holding market at 0 McCllelan osc and -580 sum index. What McClellan indexes had to do in order for market to something else has no meaning anymore when market manulipulatiion is so extensive is it is now. However, there are enough Pavlov dogs out to go long big time when PPT allows it to fall.

For my part, as soon as indexes move down from current levels I will stop selling new short calls and start the heady process of selling short PUTs in high fear and volitility phase of market. Keeping an eye on McClellan charts has been working out very well in adjusting balance of my short call / short put liabilities.

[mish]

Aj what are your thoughts on QQQ puts here?
I am in close to 25 but failed to take profits yesterday.
It seem IF 24 can break we can get some real selling.

But I could have had good profits TWICE if I cashed out at yesterdays low.

Still holding those and DJX puts.

How you playing?

M