When the BBig BBad wolf is shooting cash from the hilos, bears should be running. -g- 2 a.m. - 8 a.m. rally may be coming. I'm still not doing anything. Options are still too expensive, so if one wants to buy something, it would be deep in da money options or futures, which is essentially the same thing. -g-
When the BBig BBad wolf fails to support these markets, they are going to crash hard under the forces of gravity. Subprime indexes will look like a walk in the park in comparison. -g- This is "manipulation theory", with a huge bid under the futures being the result of manipulation. Under "options selling" theory they should really do the same thing, 1987. Actually, options dealers will be broke if we don't rally, so rally we must. They will push us higher to collect fat put premium, also sort of manipulation -g-
We are not there yet, cause I am seeing more of the same suspicious activity, which should propel us higher. But... you may as well be right about the re-test. If we do it and fail it, I think, the fat lady might sing. -g- I expect them to really start shooting cash when we get to 1370 -g- |