SPDR Dow Jones Industrial Average Message Board

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  • grayt31 grayt31 May 23, 2007 7:47 AM Flag

    How I'm playing the DIA

    Hey Meanscreen2000,
    I'm also in on some DIA puts, and unfortunately it looks like we are in for more pain on the open today, as the Dow futures are up 55 on no reason yet again.
    Like many others here, I think the market is overdue for a pullback (at least a 3-5% downside breather), although I'm starting to question the timing of it. This crazy run up reminds me of when I was trying find the top in 1999-2000, and just when I thought it made no logical sense for the market to keep climbing, it just kept going and going. When the crash eventually came, I was already wiped out of my put positions.... sure hope that doesn't happen again here.

    Remember: There will always be other trades out there, so don't mortgage your future by putting too much into this one.

 
DIA
153.08-0.43(-0.28%)3:05 PMEDT