JI
jimkane
Rep: 3,058
Posts: 33,089
So, we hit that 870 area, was that it? Will all these sentiment factors that have marked all the previous intermediate-term tops kick in and that was it? Or do we get to my best spot at 883 and then it dumps? Or is it going to just keep going up until May/June and over 1,000, on more government ramping? I can't wait to see. I do know that I am as ready as ever to be looking at a boatload of puts when this gives me a signal. I just hope we don't get a big gap down on news, and then further selling, such that we have the age old dilemma, buy in on a big chase, or wait for the bounce up setup that doesn't happen. And if we (we meaning any one us traders) buy on a chase and it starts to bounce immediately, will we be trapped when it does what it has done for six weeks, and that was just a shallow dip and up to new highs it goes? Imagine buying in to puts right at the end of a dip on the way to new highs. But, that would sure make it tough on everyone, a big gap down and no bounce right away. Just thinking out loud.