Posted by jdaswani on 27th of Jan 2014 at 12:11 pm
feel its more 1997 -1998 Emerging Market blowup. But agree
we setting up for nice correction still..i really like to H&S
scenario..suck in bulls 1 last time before a break.
feels late to be short here...but oppty will come fast &
ferociously. maybe fed day
finally getting some decent premium on put sales.
looking for 'turn-around-tuesday' for that pop. still looking to
see 1770 sooner rather than later for this leg down. then following
the BPT scenario for H&S into Feb expiry (at least that is my
prefered timing).
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Maybe I'm overly pessimistic
Posted by morton13 on 27th of Jan 2014 at 12:08 pm
but this year reminds me of the start in 2008....
feel its more 1997 -1998
Posted by jdaswani on 27th of Jan 2014 at 12:11 pm
feel its more 1997 -1998 Emerging Market blowup. But agree we setting up for nice correction still..i really like to H&S scenario..suck in bulls 1 last time before a break.
feels late to be short here...but oppty will come fast & ferociously. maybe fed day
yes definitely too late to be short. fortunately i timed it well
Posted by morton13 on 27th of Jan 2014 at 12:28 pm
on fdx, cmg, whr rmti and others.
expensive puts
Posted by hazbin1 on 27th of Jan 2014 at 12:13 pm
finally getting some decent premium on put sales. looking for 'turn-around-tuesday' for that pop. still looking to see 1770 sooner rather than later for this leg down. then following the BPT scenario for H&S into Feb expiry (at least that is my prefered timing).