Enough said....
Wednesday, October 8, 2008
Tuesday, October 7, 2008
AMZN on the bounce...
How about some Deep In The Money Calls on AMZN for the bounce. If you're not in yet there will probably be another opportunity today or tomorrow. Take a look at the big Green rectangle as it highlights the gap up of late 2006-2007. The 200 monthly EMA and this gap are huge support areas. In other words easy stop loss points to go long and most definitely a time to get short if they are broken because AMZN will fall to $45 if broken. But for now it's the bounce....
Monday, October 6, 2008
Into the ABYSS....
The only question there is, "Where's the Bottom"?
The S&P 500 has pierced its 200 Monthly EMA....
But the $INDU or Dow 30 still has some room to fall to 8,800...
The VIX is over 50 and thus making Options extremely expensive and Bid/Ask Spreads WIDE. This would be a prime opportunity to sell some way out of the money option contracts on either side PUT/CALL. The premiums are unreal.......Congratulations to the Bears ad condolences to the Bulls.....