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

To: William H Huebl who wrote (75468)	5/18/2007 8:48:33 AM
From: John Carragher	Read Replies (1) \| Respond to of 94695

hope you go to cash before losing 20% gg

To: William H Huebl who wrote (75468)	5/18/2007 8:53:48 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

No sell off, forget about it... ever since the February pull back, everyone is afraid of a top at any moment, many of the longer term investors sold out of their holdings and many of the near term traders are taking short positions, so now they all have to hope for a pull back or chase the market, and the market is not going to make it easy for them... for this reason alone, I think a real top is nowhere in sight, these markets are going much higher than people expect, that's my story and I'm sticking to it...BWDIK GZ™

To: William H Huebl who wrote (75468)	5/18/2007 10:26:41 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

There might be a minor selloff after expiration, but this should be just another dip to buy. To much liquidity in the system, and a lot of people are bearish (put interest is much higher than call interest), all for a good reason! However, as long as the Fed supplies liquidity, the options dealers will push the market higher by buying futures and to make all these puts expire worthless. They are totally in control of these markets - note that all rallies start in the futures pits on very poor breadth, so it's not J6P buying. I agree with GZ - we have blue skies until mid-July. The rest will depend if the Fed prints then. So far, they have been very accomodating to dealers. Housing will likely re-bubble, as long as the Fed keeps printing. It will all end in a market crash some day, so I don't want to hold anything but calls, but clear skies so far.