** rowshan report **Quote from stock_trad3r:
Can you put that in the form of a report? thanks.
Hard to see the S&P busting through the upper end of the range @ 940. Looks like the path of least resistance is now down.Quote from B. Rowshan:
The S&P hit the upper end of its range around the 940 area. With sudden extreme bullish sentiment, this area looks to be a top, and downside action should commence later this week.
Any comments on this great call? Alot of $$ made selling premium here!Quote from B. Rowshan:
As per Joe's request, this thread will be a serious trading thread. The premise is that the S&P won't see 1000 in January. My reasoning is as follows:
1) quite suddenly, there's alot of bullish sentiment
2) complacency is setting in--the vix is below 40
3) The year got off to a positive start (a headfake)
4) there's irrational optimism about what Obama can do
5) there's an extreme lack of awareness regarding the deluge of companies that will go bankrupt in 2009
The S&P closed at 931.8. It will not see 1000 in January. It will see 850 before it sees 1000.
Which puts? I've been looking at them but the premiums are too rich for my blood.Quote from Daal:
good call, so far. I think the puts are a better play though, we might very well hit vix 60 in the coming months
Quote from B. Rowshan:
Which puts? I've been looking at them but the premiums are too rich for my blood.