The S&P has topped at 1150

Has the S&P topped at 1150?

  • Yes

    Votes: 24 29.6%

  • No

    Votes: 35 43.2%

  • I don't know, I cannot answer

    Votes: 22 27.2%
  • Total voters
    81
Quote from James Stock:

James predictions strike again!
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Well the jobs numbers wern't better than expected but it appears that the market is taking this as a positive sign - a slow but manageable recovery.
 
Quote from CalTrader:

Well the jobs numbers wern't better than expected but it appears that the market is taking this as a positive sign - a slow but manageable recovery.
More...

the non-farm payrolls didn't measure up, but GWB is a simple man, and only concentrates on the employment figure, whcih dropped to 5.6%. I'm sure he will tout this reduction on the sunday morning talk TV as if the US is in a full blown job recovery. More power to him!

Does anyone know how much the "farm payrolls" increased?
 
disclosure: I've now covered most of my Feb 1200 calls @ .30

relax, they are now offered @ .35

I still think 1150 is a top. This is a precautionary measure.
 
Anyone who was with me and sold them @ 2, would probably want to know that i'm paying .30 to buy them back.

That's $1.70 of profit X 200 = yippee!!
 
JS / Romeo,

how please did you do this ?
CBOE shows todays volume with 34 contracts OVERALL.

The ES Feb1200C shows a total volume of zero.

SP Futures options have another multiplier and cannot be what you talk about.

Or do you have special trading tactics you "cannot disguise" :D
 
Quote from saschabr:

JS / Romeo,

how please did you do this ?
CBOE shows todays volume with 34 contracts OVERALL.

The ES Feb1200C shows a total volume of zero.

SP Futures options have another multiplier and cannot be what you talk about.

Or do you have special trading tactics you "cannot disguise" :D
More...

his trading tactic is: he's not telling the truth.

He's got some psyche situation going on inside and he gets kicks thinkng any seasoned trader would believe he had a 200 lot short on the SPX to make a mere $2 with unlimited loss.

Give me a break!

ICe
:cool:

p.s. if he did I certainly would NOT brag about that kind of play!
 
Please explain how you have bought back 200 Feb. 1200 Calls on the SPX when the total volume for the day as of 11:45 AM EST is 88 contracts?
 
SPX-E (CBOE) 1138.6 +10.0
Feb 06,2004 @ 11:58 ET (Data 15 Minutes Delayed) Bid 0 Ask 0 Size 0x0 Vol 0

Calls Last Sale Net Bid Ask Vol Open Int Puts Last Sale Net Bid Ask Vol Open Int

04 Feb 1200. (SZP BT-E) 0.30 +0.05 0.25 0.35 88 22543 04 Feb 1200. (SZP NT-E) 70.10 -2.70 61.60 63.50 5 320
04 Feb 1205. (SZP BA-E) 0 pc 0.05 0.50 0 0 04
 
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