Quote from saliva:
Hence all the reasons for why the shortsellers will want to double up their efforts to crush this market before the end of the day.
Quote from wave:
Still no print on the tape under that double bottom.
Quote from newguy05:
1150 puts of course, expires eod tomorrow. If i get hit i take assignment at 1150, if not i will just take the small premium as profit.
Dont have the balls going in on the underlying at this condition. Down to 1167 now
Kudos to you should that truly happen. But I highly doubt it. Plus, the market is shifting gear from the credit meltdown to outright recession. So I see your point about a possible multi-year reversal as moot.Quote from Spectre2007:
market should close above the opening price today for a true reversal.
1206 retest of 5 minute trendy..