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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who started this subject1/16/2004 2:05:41 PM
From: russwinter  Read Replies (2) of 110194
 
No predictions on the exact timing, but for anyone looking for a good put buy, check the XLF (financial SPDR) Feb 30 puts. XLF is trading at the moment at 28.87, and the puts at 1.25-1.30. That's not much time value for the 23 days fun packed days ahead, and of course your loss to limited to the 1.30, and isn't open ended. Market looks very calm here about the financials, odd given the reality out there. The other 20 traded today are mine.

Looks like a euphoria peak yesterday, with a couple ugly black candlesticks (essentially strong opens, weaker finishes). The money flow dropped from about 40 to 31, and is likely down again today. At the high end of band. Might work?
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUb14!Lc20]&pref=G
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