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Strategies & Market Trends : Waiting for the big Kahuna
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To: Gersh Avery who wrote (75279)4/17/2007 5:55:48 AM
From: Real Man  Read Replies (1) of 94695
 
Yes, and it's a valid point. It is a very ST sell that will
come today or tomorrow. However, printing by the Fed, put OI
for May and June, and recent put/call ratios all have a potential to extend this rally into June. So, probably stay here or decline some to work off overbought, and I might just buy calls on that dip when it comes. Once I get a buy, of course -g- 12% M3 growth makes bears obsolete. They may have to wait until October. -g-
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