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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (16185)9/6/2000 11:03:28 AM
From: AllansAlias  Read Replies (1) of 436258
 
I agree with most of what you are saying, particularly 5th wave blowoff on buck (although that could last longer than most people are thinking imo).

The put buying was also relatively strong still in other index and equity options last week.

Anyway, we are quibbling over details.

I am not looking to go long for more than a swing up to the next shorting op. When we had so many failures yesterday (as per my post on the Stock Attack thread), my bias on the intermediate picture changed to bearish .

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Smelly finally testing that neckline level. Am going to try long again here if it bounces and short if it caves. This thing is headed down, but there ain't no way it does so in a straight line.

OEX is also at an important s-t juncture here with this 820 test.
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