play4trade
Short

$SPY Just follow the yellow brick road

AMEX:SPY   SPDR S&P 500
44 2 2
Still short after today's massive pop and plop... I bought put at the highs and added OCT             197's... We'll see if this blows up in my face, but I think we are still heading down to test significant areas. The Higher Time Frame MOMO is favoring the BULLS, but we GOT to test what we just gained ESPECIALLY the weekly level... Looking for 197.56 bounce then 196.57 bounce, and we should head higher... LETS ALL GET PAID!!!!
You're making a critical trading mistake, especially with options and their time decay.....Iam an ex floor option marketmaket.....we do not have to retest the recent gains, especially if were in a 5th wave blow off wave. ...were about to hit Spy 202, and then I would expect retest 199, before going higher.....I would consider covering that trade then.......
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play4trade mike.lawler.969
lol... ok
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