SPY quarter option OE@3/31 should close at around 80, while QQQQ around 30.
Therefore I held all cash last weekend.
Start to build short position when SPX @ 80x.
This is perhaps my last round short before May 2009.
I am expecting a head-and-shoulder bottom pattern with right shoulder delivered at March 31 quarter OE day.
Will switch to bull side after March 31, as the market condition just changed. (SPX RSI(14) has broken the barrier. I think it will go to 70 for sure)
Case 1 valid.
SPY OE closed at a price 76.x which is closer to 77.0 than 76.0.
All cash now. Didn't make money this week but didn't lose either. But when SPX was at 803.xx, I lost ...
bayliner1979 发表于 2009-3-20 16:02
SPY quarter option OE@3/31 should close at around 80, while QQQQ around 30.
Therefore I held all cash last weekend.
Start to build short position when SPX @ 80x.
This is perhaps my last round short ...
bayliner1979 发表于 2009-3-23 19:41
I think 90 is very unlikely.
0.0.3 shows a breakout of the falling wedge. The wedge upperline will be retested around 3/31. (from now to early April).
If goes to 90 and drop to this line, then it doesn't look like a retest, but a crash (again).
Bay, be careful, 3/31 target can be 90 too.
QQQ 发表于 2009-3-23 22:15
狗仔卡
发表于 2009-3-20 06:39 PM
