2000+ I will take the other side of that forever! what are you asking for 1/08 1750 calls for?
the market action is very similar to 2000
- Thread starter NY_HOOD
- Start date
Yeah, keep on "analyzing" and short selling this market. Your knee jerk reactionary post is proof enough that you're going to wash out. Because you can only trade what you "think" the market should do, instead of trading what the market is "actually doing".
I get $500 / car retail margin. Buying 100 cars and getting rid of the position MOC at the opportune intraday dip is risk free money, compared to the risk on some penny ante options premium.
I will offer on a 1x1 market the 1/08 calls for 12.4
dude I have made more money the last 3 weeks TRADING than you will make in......i'm assuming you a TECHIE...4 years...I'll accept over/unders
I have traded on the floor since 94. I have worked upstairs, downstairs, buyside and sellside...how many 1/08 1750 spooz will you sell? and at what price. I guess for you its time to step up.
Action is similar to the action now
get your dick back in your pants, "Rambo". I was offering constructive criticism, not measuring dicks. You're in a market that is being powered by war related inflation. The power of inflation on asset prices is second only to the power of compounding.
your attitude tells me more than you ever think you're letting on. A walking disaster. Cut back on size till you get a attitude re-adjustment. See, thanks to ET you didn't have to pay a trading coach $1000.00/hr for that astute observation.
...and btw, haven't you heard? "Consumer borrowing" is at an all time high. Looking forward to buying some retail Calls? ..... oh and the sun being out helps this market too.
I corrected myself once you mentioned cars. How many 1/08 1750's would you REALLY buy?
I am speechless yet again.
Quote from Pa(b)st Prime:
Very different. The 1998 swing low came as the Fed performed a surprise rate cut a half hour before the close on October 8th. I was conducting a mock trading seminar for some visiting MBA's (great way to meet chicks)in the after regular hours bond pit when the cut was announced. Dow futures exploded 500pts in minutes. It was almost 4 years before the lows that day were penetrated. No such help from the Fed this time.
Also Wags, you'll notice that during the break (which lasted almost 3 months) the ranges were huge. However in the aftermath of the ease the ramp was done in tight ranges but straight up. Today's profile exhibits little information yet that 1430 was anything more than support providing the obligatory in your face retracement. (and you KNOW I bought 'em there). I'm also sure you know the significance of where they stopped. Above 1510 I'll rethink my bias but if today was a swing high lasting for years I won't be a bit surprised.....
Very astute observations. All my indicators show this break was different in character from anything we've seen since 2003. That doesn't mean we can't make a V bottom, just that it is unlikely, particularly with a clueless Fed.