Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Peace who wrote (87687)	6/3/2009 3:33:11 PM
From: Real Man	Read Replies (1) of 94695

Maybe. Bankruptcies were announced, and then the markets crashed into the large CDS auctions. The dates of those marked bottoms. If it works this time, then June, 12 will mark a bottom of a rather sharp correction of a bull move, then we should go on higher. Price unknown, but maximum pain for SPY options is about 100 points (on the SP) lower for June, which means there are a lot of calls in the money. -g-

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