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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (75301)	4/18/2007 11:46:57 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

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.