rande RE MARKET TOP, could you clarify that for december? are you saying no new closing high on the dow or the nasdaq?
If so, Im on the opposite side of you and with your track record, that makes me nervous, I closed out my puts yesterday afternoon, and bought oex calls, I have been noticing that the hours last action prior to a major "number" will tell you whats in the number, using that technique, I am forecasting the ppi number will not be a negative, and we will get at least a short term pop and a chance to make 3-5 points on the oex call option. Im also thinking the january run may get started next week, and the only thing that will slow us down is the fed going to a tightening bias on the 21st , I agree it would be nice to get a correction here to allow for a stronger january, but we may have just gotten our "correction", there is just too much money out there right now chasing stocks, and as long as the nasdaq is trading over a billion shares a day, i dont see much of a dip and money seems to be there to buy the dips, now, i may be the perfect contrarian indicator by closing my puts yesterday, but i have to follow the trend until broken, but i think we are going to get decent ppi and further rally this morning, I dont think we have seen our top for the month yet
respectfully
cp2000
ps is this what makes a market?
psii scwab reports trading numbers on monday, that should spark a further run on olb's
good luck |
