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


To: GROUND ZERO™ who wrote (87936)6/12/2009 10:15:19 PM
From: robert b furman1 Recommendation  Read Replies (2) | Respond to of 94695
 
Hi GZ and Vi,

New high on low volume = no sellers and below the surface horizon.

Coming off oversold it can be strong.

Coming all time highs it can be exhaustion.

All the discussion of rate and stuff - we are basically where we were at before the credit crisis except 9 months of recesion and inventory draw down have occurred.

That is a set up for a break out when coupled with historic liquidity infusion.

One law ought to be bullet proof - don't fight the fed!

Bob



To: GROUND ZERO™ who wrote (87936)6/13/2009 1:00:00 AM
From: Real Man  Read Replies (2) | Respond to of 94695
 
I kinda straddled. Whatever way it breaks, gonna be violent.
More bullish than bearish. You can reverse a put into a call
by buying the underlying. Less commissions. Then cover
it all by selling the call. -g-