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Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory
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To: russwinter who wrote (180)10/28/2005 8:17:03 PM
From: Mr.Creosote  Read Replies (1) of 361
 
Hey Russ, what do you think the probabilities are for a flagpole next week? It feels as if we are due for one in order to inject a fresh dose of optimism back into this market. Can the "authorities" engineer another one? The 1170 level on the S&P appears to be impenetrable. We are bouncing up like a superball when we hit there.

Also, are you still holding on to your put spreads or have you liquidated the out-of-the-money component already?

One more thing: I noticed that the S&P credit spreads contracted and are back into the 360's again as of Wednesday's close.

Have a good weekend.
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