Joined Apr 1, 2010
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Great scenario and loved to see what you see. I just posted this in another blog:
Open interest in SPX options shows about what everything everybody in here is pointing to. Ranges are from 1430 to around 1220. Q4 will have to show some green so I am looking at the end of March and beginning of April highs to bounce back to. This is around 1428 but keeps the head and shoulders in play for both the daily and weekly time frames. I believe we hit a temporary bottom on the 16th and think pull backs should be bought. I am an option trader so I will look at buying January calls first and follow those up with January puts. I honestly believe this market won’t plant a “real” new low until sometime in July at which point I feel things get ugly.