Gotta love ZERO RISK in the SP500 = $$$

This is a bullish follow through day from last week's big volume up day. Very convincing volume. There is a good chance (there is no guarantee) today's action leads to a new leg higher (just like August 15, 2006 did). This gives the market the benefit of doubt, until the bears can show us some volume to the downside again which is to be seen.

Covering my puts and am now net long again. Market is likely to stay volatile so things can change on a daily basis. Next 2% down day on high volume I am back in puts.
 
Quote from phil1424:

keep laughn motherfukers while you still can
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Feeling the pain of the squeeze????? :D

stooges3-9703.jpg
 
Old Rev Shark - Wrong again!

Pretty funny. Before the meeting he said something like "Market will break sharply lower...Get ready to short..."

Ouch. He musta got smoked.

I like Sharky, but he is selling a tout service, and he's been wrong wrong wrong.

Good trading to all. :cool:
 
Quote from Wayne Gibbous:

Old Rev Shark - Wrong again!

Pretty funny. Before the meeting he said something like "Market will break sharply lower...Get ready to short..."

Ouch. He musta got smoked on his shorts.

I like Sharky, but he is selling a tout service, and he's been wrong wrong wrong.

Good trading to all. :cool:
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How 'bout a jingle, Wayne? That "don't be lamer,"... :D
 
Don't get stuck by a Thorn.

Or let the Shark bite.

Buy dem Dips.

And sleep well at Night!



yeah...pretty bad, I know...

But I'm runnin' outta rhymes, dis Market is plum CRAZY!!!! :D
 
Quote from Wayne Gibbous:

Don't get stuck by a Thorn.

Or let the Shark bite.

Buy dem Dips.

And sleep well at Night!



yeah...pretty bad, I know...

But I'm runnin' outta rhymes, dis Market is plum CRAZY!!!! :D
More...



Tenbaggers, tenbaggers, all around;

pick 'em up, pick 'em down!

If your stocks took a Cramer, don't be a lamer!

Buy them Dips, and Watch 'em Rip!

If your puts took a hit, you gotta own that shit!

It's never too late, he who hesitates, masturbates!

1000% upside room to go, no risk money!!! $$$


:D
 
<i>"This is a bullish follow through day from last week's big volume up day. Very convincing volume."</i>

I happily rode the upside in today's sweet squeeze, as any trader would. But... volume is not convincing. I see 1.4mil ES contracts as opposed to down days of 2.8mil and 3+mil contracts turned.

Also, SPX volume is lower as well.

We'll know by Friday's close if the uptrend has resumed for real. Those of us who rode the 2002 bear market with gusto saw numerous +40pt S&P sessions, many short squeeze events were totally erased in a session or two followed.

Gotta love the volatility! Death to VIX readings below ten ever again :cool:
 
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