Quote from B. Rowshan:
I still see resistance at spy 93.1 and spx 928-930.
Coincidentally, this is the exact same resistance I saw on May 8th when I started this thread.
Anyone else see the same thing?
It did? Actually, no it didn't. Objectively (if you can be) it looks like I was exactly right..again.Quote from Ivanovich:
Pop. It would appear that got taken out.
Quote from B. Rowshan:
It did? Actually, no it didn't. Objectively (if you can be) it looks like I was exactly right..again.
I don't think it should be a moderators job to post worthless (and incorrect) commentary.
Quote from B. Rowshan:
I still see resistance at spy 93.1 and spx 928-930.
Coincidentally, this is the exact same resistance I saw on May 8th when I started this thread.
Anyone else see the same thing?
Phew! I thought you were going to tell me that I was wrong since I said S&P 928-930 and it hit 931.9Quote from Ivanovich:
Actually, I had to edit my post.
http://finance.yahoo.com/q/hp?s=SPY
Seems to me yesterday's high was 93.23 and you said 93.1 wouldn't get taken out.
Quote from B. Rowshan:
I still see resistance at spy 93.1 and spx 928-930.
Quote from Ivanovich:
Seems to me yesterday's high was 93.23 and you said 93.1 wouldn't get taken out.
Quote from B. Rowshan:
Please look up the word "resistance" in any trading 101 manual. And I would never use the phrase "wouldn't get taken out".
Quote from Ivanovich:
I also never said you used any particular phrase.
I can now state that these resistance numbers will probably hold for months. The significance of this conclusion is that I can sell S&P 950 & 1000 calls for july, august + september and collect alot of premium. It's a low risk, nice returns trade. And the odds favor me so i'm very comfortable with the risk/reward.Quote from B. Rowshan:
I still see resistance at spy 93.1 and spx 928-930.
Anyone else see the same thing?