Kudos to MMs

arbs-r-us · May 11, 2013

Quote from trendlover:

To arb-r-us poster, I am saying you are so angry with nitro's thread. Why? Nitro is talking his model and thoughts maybe of the market. The elitetrader is free and not your advisor you pay. Nitro is not owe you something.

this is a public posting forum. Nitro can post, reply or ignore. His choice.

nitro · May 13, 2013

Quote from nitro:

USD/JPY broke through 100. Bold prediction, 50 handle loss on SPX in the next week, and back to 1572. A 10% correction "imminent"

It remains to be seen, but the way the price action is going today, unless there is decent volume today with another gain for the SPX, wait until EOD tomorrow to do the same play as stated above.

Let's reconvene at 2:30 CST

Nine_Ender · May 13, 2013

Quote from nitro:

It remains to be seen, but the way the price action is going today, unless there is decent volume today with another gain for the SPX, wait until EOD tomorrow to do the same play as stated above.

Let's reconvene at 2:30 CST

Not as bold as your posted prediction in fall 2011 that the SPX would go to 900. Seeing it at 1632 means you missed by about as wide a margin as practically possible on the entire index. It would be a serious challenge for anyone to make a bigger mistake at any point.

Oh, and you posted aggressive shorts on that call and ADDED to them repeatably while you lost your theoretical shirt. I say theoretical because its very obvious you don't trade any of these predictions.

nitro · May 14, 2013

As expected today is the day of "Monday flows". "Short" [buy DIM puts] at 1642, or wait to EOD.

arbs-r-us · May 14, 2013

Quote from nitro:

As expected today is the day of "Monday flows". "Short" [buy DIM puts] at 1642, or wait to EOD.

And the moonshot continues!

arbs-r-us · May 14, 2013

Kudos to MMs standing toe to toe with these buyers the whole way up. They are getting Chinese water tortured to death. Can you imagine standing toe to toe into known inflows and asset reallocation? People that tell me that these guys cheat and don't fulfill their obligation to make markets as a last resort, uh, you stand in front of this stuff.

That said, when this stops somewhere north of SPX 1800, those guys are going to be rolling in cash.

best of luck, Arbs...

nonlinear5 · May 14, 2013

Quote from nitro:

As expected today is the day of "Monday flows". "Short" [buy DIM puts] at 1642, or wait to EOD.

So, you are now short 1@1572, 1@1567, 2@1629, and 1@1642. Right?
S&P is at 1650 at the moment, which means that you are 211 points in the red. Do you have a stop in mind?

nitro · May 15, 2013

Europe [Germany and France and Spain] in recession

http://www.bloomberg.com/news/2013-...on-deepens-as-contraction-exceeds-estima.html

It won't take long for EURO/USD to go to 1.20. In fact, there is now an all out currency war going on against a weakning US $.

Bonds [yields] are about to explode higher. Stocks about to implode.

arbs-r-us · May 15, 2013

Quote from nitro:

Europe [Germany and France and Spain] in recession

http://www.bloomberg.com/news/2013-...on-deepens-as-contraction-exceeds-estima.html

It won't take long for EURO/USD to go to 1.20. In fact, there is now an all out currency war going on against a weakning US $.

Bonds [yields] are about to explode higher. Stocks about to implode.

Seems it's going much higher to me. $1800 SPX target in June. Then perhaps I will sell.

arbs-r-us · May 15, 2013

Here's what I think:

It won't take long for EURO/USD to go to 1.36. In fact, there is now an all out currency war going on in the direction of a weakening US $.

Bonds [yields] are nominally in line. Stocks continue to explode.