Will the S&P go to 1000 or 1200 ?
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Rubberbird, you seem like a decent trader, you have made some good calls in the past, but i dont see how selling ES 1200 october calls for next to nothing is a good trade, i could find you tons of stocks which wont go up huge given the current environement, but you are still sitting on a landmine. Odds are pretty good no one will walk over the landmine, but if someone happens to walk over it you are screwed.... it is a bad strategy.
I have moved on to something better then technical analysis, but thank you
You guys are all ignoring the euro.
i doubt these people are true longs like me. They probably said something like it goes to 1200 because of the fed. This means they are still bearish. so its more like 3 bearish 1 bullish. Basically this means still more bears then bulls. This will provide fuel for the resurgence of the bull market
No hold on a moment. I appreciate your opinion but...
I never said that was my complete strategy. Actaully I am with you, 80-90% of my trading is selling stocks. But i'm not giving out ticker symbols on this site. So, what I talk about is selling calls and finding market tops. And its not "ES" oct calls I trade, its S&P 500 Oct 1200 calls, and i've aslo sold 1175 calls.
BTW--I sold some S&P 500 Oct 1200 calls for 1 1/4 monday morning and that's exactly where they are today.
You really don't see it do you. We took three days to go back to mondays low. THREE bearish days just to cancel ONE bullish day. Laugh while you can ... you will provide fuel for the market rally into S&P1300!
The fact that you now think somehow you "won" is insane! No, I won!
I won? I never said anything close. I said the S&P will hit 1000 before 1200. How could anyone have won so far??Quote from failed_trad3r:
You really don't see it do you. We took three days to go back to mondays low. THREE bearish days just to cancel ONE bullish day. Laugh while you can ... you will provide fuel for the market rally into S&P1300!
The fact that you now think somehow you "won" is insane! No, I won!
According to geithner the economic crisis has past. I think he would even predict SPX to 1200+ before 1000 with this kind of opinion.
"I'm not an economist, and I'm not an academic," Geithner said Wednesday when a Republican lawmaker tried to pin him down on whether he thought the recession was over. "And I would just say the following: This is still a very tough economy."
That answer didn't satisfy Representative Bill Posey, who at one point told Geithner to "man up" and give a clear yes or no answer.
"Let me try one more time," Geithner said after a lengthy exchange with Posey. "We are absolutely out of the worst stage, worst, most graded, most severe, most at-risk point of this crisis, absolutely, absolutely."
"I'm not an economist, and I'm not an academic," Geithner said Wednesday when a Republican lawmaker tried to pin him down on whether he thought the recession was over. "And I would just say the following: This is still a very tough economy."
That answer didn't satisfy Representative Bill Posey, who at one point told Geithner to "man up" and give a clear yes or no answer.
"Let me try one more time," Geithner said after a lengthy exchange with Posey. "We are absolutely out of the worst stage, worst, most graded, most severe, most at-risk point of this crisis, absolutely, absolutely."