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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (35376)5/24/2000 6:01:00 PM
From: pater tenebrarum  Read Replies (1) of 42523
 
all i can say to that is "dream on". already QCOM and others are ramped in the after hours on the China vote. that gives us an easy 50-100 point opening pop in the NDX.

the Euro will eventually go up, but a melt-up following tomorrow's ECB action can probably be safely ruled out. the technical damage needs some more repair work imo before a larger move up can occur.

tomorrow you'll get all those people scared to miss out on the 'bargains' jumping back in.

of course it is possible that today was just a relief head-fake. but you have to allow for the possibility that we're going to get a decent bear market rally that retraces a portion of the losses.

that said, i bought calls AND puts today...simply because which-ever way we go, it will probably be fast and furious...

EDIT: Shaeffer went yesterday from 'bullish' to 'neutral'. that's ALWAYS a buy signal.
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