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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (17762)1/1/2002 8:21:55 AM
From: maceng2  Read Replies (1) | Respond to of 19633
 
Why I am short...my view.

First this chart.
decisionpoint.com

and the volatility index's
stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]
stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]
stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]

Now I am no "chart chaser". Fact is we can equally go up or down next trading day, week, month. Records on the charts are made after all.

There has been liquidity made available to keep the market from imploding for some time now. The bubble is collapsing though as can be clearly seen here.

decisionpoint.com

and there are no fundamental reasons to believe the trend will be changed in the near future.(apart from AG's endless supply of money on the sidelines.)

So, I am only "first third" in and happy to make a profit from that, even if we go up from here, I expect a wobble on the downside just to get some impetus. And yep, why not buy puts on the beemer -g-

Could be wrong of course, jmho.