No, we are still on a technical short-term sell, which
does not mean a crash. I don't have
a clue for how long, or how low we go. It could turn into
a buy without all that much decline, who knows. Given
the printing and high put/call, we may just decline a bit,
then move up. I may buy calls when we get a buy, this
market is unstoppable, may the Fed float it forever. -g-
Another coupon pass today, by the way, and huge sec lending
Yesterday. USD = RIP. It is a bit too late to play on
huge put interest, but if we decline some, it sure looks
like the Fed is virtually guaranteed to push us up into June.
I'd like to see at least a bit of a correction, hopefully with
some of these puts going into the money, to create a low-risk
trade entry for calls. Right now it is high risk. All these
puts are going to be worthless. |
