Sorry, I was just trying to point out what I thought was obvious to most astute board posters. Didn't know all of these "experienced" traders had such thin skin. Never mind the "brainwashed" thread. My bad.
NYC....I C U've made a new fwiend in Shea.....
I had forgotten, but he disappeared for about a month. He was screaming in early November he loaded the boat with OTM SPY NOV12 $145 CALLs @ $1.35 with less than 2 weeks to opex. I thought he was insane. Subsequently, the SPX dropped -60pts on 7 & 8 November Those OTM calls went to zero not even close to opex, probably by 8 November?
Hey Tom, I think that the tight range compression break is coming on Friday .We need to break above 1418 to continue higher or break below 1404 to show more weakness . Key could be just before the Jobs report and the reaction . SSDD trade it ,the set up is for someone to be crying .
I doubt any jobs report will not effect the market in the least. They never have, ever. In the past, the worse the job nos, the higher the market went. The BLS nos are all bogus anyways, based on old data and surveys (which only have a 50% response rate). They are always adjusted 50% in the next month. That's how accurate and meaningful they are.
This market is all-squeeze, and it looks as if it's more squeeze-up is in the offing. Damn, look at the Japan 225 & the DAX. INSANE!