Disqus - Friends of mister_x

Re: http://slopeofhope.com/2008/04/rage_against_the_machine.htm

Insect Overlord — Thu, 17 Apr 2008 10:05:40 -0000

I legged into an IC with IWM yesterday after rolling a call spread up (that I probably didn't have to)...65/67/76/78. I see serious resistance at 72.

Re: http://slopeofhope.com/2008/04/energy_analyst_remarks.htm

Insect Overlord — Mon, 21 Apr 2008 15:54:28 -0000

Starting on 10/21/07 it is forming a beautiful inverse H&S...last couple weeks it tried to break above neckline and failed. what can this mean? what are the repercussions?? I DON'T KNOW!

Re: http://slopeofhope.com/2008/04/slouching_toward_nowhere.htm

Insect Overlord — Mon, 28 Apr 2008 23:20:36 -0000

tim, i am laughing out loud at your "bullish overlords" comment.

"i'd like to remind them that as a trusted public blogger, i can be used to round up other traders to toil in their underground honey caves."

Re: http://slopeofhope.com/2008/04/sheer_energy.htm

Insect Overlord — Wed, 30 Apr 2008 13:26:49 -0000

please for the love of all thats holy don't tell me you think bush orchestrated the attacks on 9/11.

Re: http://slopeofhope.com/2008/04/sheer_energy.htm

Insect Overlord — Wed, 30 Apr 2008 13:32:30 -0000

i have a psuedo iron condor on iwm right now with a 67/65 put spread and a 74/75 call spread for may. if it breaks above 72.50-73 i'll likely buy a may/jun or a jun/aug 76 calendar to hedge.

Re: http://slopeofhope.com/2008/05/msftyhoonot_want.htm

Insect Overlord — Mon, 05 May 2008 01:35:37 -0000

MicroHoo...ha!
"Do you want to change your name to Homer Junior? The kids can call you HoJu."

Re: http://slopeofhope.com/2008/05/the_slippery_slope_of_hope.htm

Insect Overlord — Wed, 21 May 2008 00:23:35 -0000

By the way...has anyone taken a look at CNQ? It finished a bull flag pattern during the most recent 2 months of a 1 year chart and has almost doubled in the last 6 weeks...although volume hasn't diminished, it can't go up like this forever.

Re: http://slopeofhope.com/2008/05/weekend_update.htm

Insect Overlord — Sun, 01 Jun 2008 02:14:40 -0000

Hey, I heard some bit of hullabaloo that the RUT is restructuring or something like that..."rebalancing" is the term as I recall. At any rate, do any of you who are more experienced than I (which is probably most of you) have any idea what this will do to the RUT? I have the 800/810 July call spread (well, I don't have *the* call spread, plenty of other people have it too) so I'm not terribly concerned, but I would have thought RUT would have come down a bit more after it broke it's obvious trendline a week or so ago.

Re: http://slopeofhope.com/2008/05/weekend_update.htm

Insect Overlord — Sun, 01 Jun 2008 02:18:29 -0000

I'm going to reply to my own post as I see I've missed a post earlier that discusses this. Please excuse my buffoonery.

Re: http://slopeofhope.com/2008/05/weekend_update.htm

Insect Overlord — Sun, 01 Jun 2008 02:20:52 -0000

I don't know what this will do. I just know the RUT hasn't done what I thought, which was pull back after breaking its trendline last week-ish. It's at a crossroads right now and I'd like to think it will choose a direction (hopefully down) soon.

Re: http://slopeofhope.com/2008/05/weekend_update.htm

Insect Overlord — Sun, 01 Jun 2008 20:47:54 -0000

I did.

Re: http://slopeofhope.com/2008/06/it_scares_the_hell_out_of_the_slopes.htm

Insect Overlord — Thu, 26 Jun 2008 16:54:17 -0000

i have OTM RUT puts for August and actually purchased them today as a hedge against a July put spread (on the RUT of course)...If I sell them tomorrow on any kind of upswing, then I'll simply add to my RUT put spread.

Re: http://slopeofhope.com/2008/06/it_scares_the_hell_out_of_the_slopes.htm

Insect Overlord — Thu, 26 Jun 2008 16:54:28 -0000

all cuz charlie don't surf.

Re: http://slopeofhope.com/2008/06/it_scares_the_hell_out_of_the_slopes.htm

Insect Overlord — Thu, 26 Jun 2008 17:01:08 -0000

Now that the DOW dipped below its lowest point since Oct 2006, I hope the market crashes so hard that the Master Blaster comes zippin down Wall Street on his dune buggy demanding gasoline from the floor traders. And then that long-haired kid with the razor blade boomerang growls at whoever is trying to look important on CNBC at that moment.

Re: http://slopeofhope.com/2008/06/it_scares_the_hell_out_of_the_slopes.htm

Insect Overlord — Thu, 26 Jun 2008 19:01:43 -0000

yeah, i doubt it, but over the last 45 days RUT did sport a darn near perfect head and shoulders with the last three days confirming its inability to break the neckline. thats why i purchased puts to hedge my spread rather than just buying back my spread and selling another further OTM.

Re: http://slopeofhope.com/2008/06/it_scares_the_hell_out_of_the_slopes.htm

Insect Overlord — Thu, 26 Jun 2008 21:21:46 -0000

To all the "a bounce is inevitable" people out there, I just ask you bring up a 10-year weekly or (better yet) a daily chart of the RUT and you'll see that the markup from March to the beginning of June may have been just a blip in an otherwise bear market to come. Put on 200, 100, and 50 SMAs too...RUT has confirmed a bounce off those as well. Just my thoughts, but I think the only bullishness we'll see will be blips. I think the 10-year picture and the most recent H&S pattern is just too convincing.

Re: http://slopeofhope.com/2008/06/it_scares_the_hell_out_of_the_slopes.htm

Insect Overlord — Thu, 26 Jun 2008 21:23:27 -0000

...and naturally I clicked on your link AFTER I made my post below...even though your chart was INDU, I think you and I are making the same case.

Re: http://slopeofhope.com/2008/06/it_scares_the_hell_out_of_the_slopes.htm

Insect Overlord — Thu, 26 Jun 2008 23:22:18 -0000

although im not tim, i'll throw my two cents into the mix...the RUT seems to be the most even keel of the major indexes, but generally tends to follow their leads...just takes a bit. I don't think it will play "catch up" per se, but I think the likelihood of it following the dow/spx is high, especially considering the H&S pattern it has sported.

Re: http://slopeofhope.com/2008/06/so_what_next.htm

Insect Overlord — Thu, 26 Jun 2008 23:25:53 -0000

i watched your video on the indexes and thought it was tres bitchen. im actually surprised you're not loaded up on puts with the RUT/IWM...you seem to be a bit iffy on its directional call but at the same time asserted that its target around the 680 range was totally plausible. we may have some up days here and there (and hopefully friday isnt one of them) but i think overall the direction is down.

Re: http://slopeofhope.com/2008/06/so_what_next.htm

Insect Overlord — Thu, 26 Jun 2008 23:28:40 -0000

hey, btw, how do you select the options you purchase? do you go OTM? deep ITM? do you buy enough time such that your projected time in the trade doesnt have you selling to close a front month option? just curious. i do more spreads. but i used to do just straight purchasing of calls and puts. your vids by the way are always great. thank you!

Re: http://slopeofhope.com/2008/06/so_what_next.htm

Insect Overlord — Fri, 27 Jun 2008 00:23:06 -0000

i have read that before and completely forgot. embarrassing...but thank you.

Re: http://slopeofhope.com/2008/07/the_wall_of_worry.htm

Insect Overlord — Sun, 06 Jul 2008 11:33:43 -0000

i day traded for awhile and ended up stopping because it was just too gut-wrenching. lately i've had to hedge a few of my multi-legged positions by purchasing a long put and still found it too gut-wrenching to bare. naturally, had i held my puts, i would have made a killing. how do you people do it? seriously? this is something i'm going to have to get over. but unless the long position goes with me at least until the point of breakeven right from the moment i place my order, i'm going to be a wreck every time i purchase a long option...and thats rarely healthy for longevity...especially in this market. any thoughts?

Re: http://slopeofhope.com/2008/07/the_wall_of_worry.htm

Insect Overlord — Sun, 06 Jul 2008 23:57:10 -0000

that was awesome...i do not take those points into consideration as often as i know i should. they really need to become a greater part of my scan.

Re: http://slopeofhope.com/2008/07/halflife_of_a_bull.htm

Insect Overlord — Mon, 07 Jul 2008 12:49:39 -0000

does anyone here buy options during the first hour of the market or is the general consensus waiting until after the first hour and using first hour highs and lows and general market direction? my problem is that if i get into this market now with puts, i will have REALLY missed the boat (in theory) and, naturally, after i do so, the market will rally almost to the minute i go long puts.

Re: http://slopeofhope.com/2008/07/halflife_of_a_bull.htm

Insect Overlord — Mon, 07 Jul 2008 13:42:17 -0000

you thinkin POT is going to tank? it looked like it was at decent resistance to me...but it is down for the day despite breaking Thursday's high.