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

To: sandeep who wrote (76309)	8/2/2007 11:07:02 AM
From: Walkbarr	Read Replies (1) \| Respond to of 94695

SP is loaded with the financial, That would be my guess...

To: sandeep who wrote (76309)	8/2/2007 11:08:17 AM
From: Real Man	Respond to of 94695

I don't know. I took profits on in the money qqqq August calls at the open today. Not much (20%) but hell of a lot better than being a bear caught in that rally Yesterday. -ggg- Got to be quick with dem calls - time is crucial. Whenever it's stuck, you are losing some. -ggg- I'm not doing anything now. Let's see if they can rally the pig. No coupon pass yet, so... As to what's happening, it may be a bigger correction, or a start of a bear market? If it is the latter, then we should not see much of a bounce from oversold levels. I don't know. -g- Or maybe we are crashing. I'd expect some kind of larger rally to suck in all the bulls before the real BK in October -g- Da Fed does not seem to be inclined to monetarize at the moment, so we have a liquidity problem. The markets won't rally much until they do.