Wallstreet Is Total Manipulation!!!
- Thread starter BlueStreek
- Start date
Quote from Landis82:
Oh, so now you are talking about the surge off the opening?
Obviously options guys having to read just their "gamma".
And given several positive news items before the opening, it was just a matter of time before buy stops in the S&P's got triggered and more fuel was thrown on the fire via readjusting gamma.
No big surprise there.
But given some of the naive comments on this board, many think that such a "readjustment" of gamma just before triple-witch is some sort of a CONSPIRACY.
The people crying conspiracy are just shorts caught right now....have to blame someone besides themselves.....
Personally...would love to see a huge sell off...get some volatility back...but until the mkt shows its hand, tough to fight the long side...
it wasn`t the damn s&p`s today...it all started with the nasdaq............it led the way at the opening....it was the disproportionate index that led the others up % wise and was the first to blow through the stops/shorts....the dow was going to sell off and the s&p`s were just bland.......i was watching the futures and the nq was acting "out of it`s usual pattern" for the past two weeks.
Once people/buy programs realized what was happening, it just triggered a massive surge of buying for no apparent reason except for momentum plays pure and simple, and when it was over------the damn indices just sat there like fat elephants in the road with nowhere to go!
Wait till the momentum selling begins---then we will see some stops/key technical levels obliterated so fast it will make people panic like we haven`t seen for quite awhile, and put premiums will appreciate in value at accelerated levels making them the best damn investment made during this rise. Puts are dirt cheap right now with the vix at 9.80---buy them while you can----at these prices what do you have to lose----these are the only value plays in the market right now!!!
Once people/buy programs realized what was happening, it just triggered a massive surge of buying for no apparent reason except for momentum plays pure and simple, and when it was over------the damn indices just sat there like fat elephants in the road with nowhere to go!
Wait till the momentum selling begins---then we will see some stops/key technical levels obliterated so fast it will make people panic like we haven`t seen for quite awhile, and put premiums will appreciate in value at accelerated levels making them the best damn investment made during this rise. Puts are dirt cheap right now with the vix at 9.80---buy them while you can----at these prices what do you have to lose----these are the only value plays in the market right now!!!
Inexperienced traders will never believe that comment.
S700 you wanted news...the news is it is December. as volente stated, last part of December to January could be a different story. Believe it or not it's that simple.
Check each year's history of buying on oct.26 to the year end from 1990. that's the past 16 years. It's more profitable to sell on November 14, but December usually brings more profits.
Of course, eventually this uptrend will end. Especially with the vix so low(definitely reason for caution). I will also watch new his/los.
good luck
Why dont u sell some more and bet ur whole house on this rally if u think the price is artificially inflated?
With all due respect, you seem so biased to the short-side of the market ( and looking for only the things that you wish to see that fits your "analysis" ) that you obviously cannot help yourself.
Ever hear of the old addage, "The TREND is your FRIEND"?
On one hand you say "wait"
And on the other, you say "buys puts while you can".
You sound confused.
well i am going to sell 3 ym contracts right here...and buy at the close for a nice play! time 12:09 central time.
Quote from BlueStreek:
but I am confident in my approach--and I will have the last laugh
No you won't have the last laugh because people will go short when the time comes. That time is not here yet. You have been missing great opportunities because you are too damn hard-headed in your beliefs. Feel the market and go with the flow.