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


To: Peace who wrote (87687)6/3/2009 3:33:11 PM
From: Real Man  Read Replies (1) | Respond to 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-