OT.....OT.......................
Very interesting let get down to 1230 and break it nicely before we entertain the idea of long bear market. I prioritize my approach to the market, for me my levels are most important, as NDX tries to break this new high I would like to see what happens here.
I have seen that this bear market was also predicted in 95 just at the onset of this huge Bull Run. Imagine what these perpetual crooks would have done to us if market instead of moving North would have head South and hit 3500 Now at 11500 one of these perpetual crooks was repeating the same mantra what he told me four years back, for me they all cut sorry character, ?conspiracy theorists? who see AG teaming with his gang to save LTCM or looking at stars to see when the big hit will come, or waiting for ?Allah? to help their ?puuts? come into money, little do they realize that the reason the ?puuts? remains out of money ever are that SPZ guys break the back of these short sellers by their lightening options and short trades, they fill them at breaks with every thing and hit the stops like crazies.. the put buyers and doomsayers watch helplessly as market takes its revenge on them..
I just waited for some levels to be taken which were never and I became luckily a part of this bull run, for most of the investors the most testing time was last year 1310 Comp test and NDX 1000 test, on the anniversary of that test we are more than double, that one test proved that bear market was nothing more than huge trap to short, we never had a weak quarter, the world never came to an end.. and now with strong economy and controlled inflation and good earning prospects with average growth of tech economy at plus 25% annually and commodities rising helping debtors to pay the bills, I would think that 'recession' or deflation' that will be the crook is not looming on the scene..
So lets watch it careful right now I am looking at 2500 NDX is my first level to see where I short, on volatile days when I am playing on the short side I am sometime short 100 puts on SPZ and that is much more adequate for my leveraged call positions.. I would love this fall, as I would make a lot of money if this materializes who plays on short side better than this thread? Like that point of 1267 so for us who invest everything in long calls and the moment market trades against us short the market more than the leverage portfolio we are carrying these things don't really matter..
I will have with 100,000 $
like this positions..(hypothetical)
say 220 Yhoo call for Dec at 10$ each..100,000 will give me say 100 calls on Yhoo.. now if DOT breaks 700 on two closing basis I will buy puts on SPZ 1280's and sell Dec DOT 800's calls to partially finance the transaction...I am naked on DOT dec calls but actually protected by the 2,200,000 million valuation above DOT 750 as DOt 750 probably will coincide with Yhoo 220 strike.. When the dip comes I will leg out of 1280's at the most bleakest of the point, I would have recovered possibly my entire premium on Yhoo.. and if market comes back up I sing and dance.. also I will take my DOT calls out at that bleakest point of the fall, this is what I do for living, for me beta is life and volatility is the name of the game, the reason I am bull that macro economics tells me that, however it is days like that huge breaks I enjoy the most, my earnest desire it to make this school that i belong to a common knowledge, why I just don't know may be I hated paying all those dues that made me today one of a kind man that smells and trades most lethally on two sides of the market,,,, I just try I work hard to learn and let myself be clear and my quality time is spent on this since I know some one some where reads me closely and that someone unknown is very dear to me.. It is a jargon that is completely complex but I know this is the way to be one step ahead of the market, know your fundamental, know your stocks and sector now DRGS breaking 200 days MA is something I will play after a double close above this 200 days MA, and one more trade it nice and hard, believe in yourself.. never dilly dally, never say so what I don?t know, if I don?t know I will not write.
I work within my levels, have to worry about that little lonely guy who gets real pissed off with those screwed up every day 90 out 100 warnings.
He takes some time out from his work, logs on to Ike and knows that sky is not falling and goes back to work, in the evening as he drive on LBJ highway back to home in Dallas TX. He his happy he was not whipsawed as market moved 200 points up 200 down and closed unchanged. Idea was holding hands all the time, that I do the best, for these reports I read them and will act on them when market will tell me that prices are falling to fast and world institutions are making no money and DOT never ever corrects to 400 And rises back and Again corrects //for me a market that takes on prisoners is a good market,, look at IBM.. How hard is it is hit. |
