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Market Timing (ETFs) Forum > Two trading days before the Fed meeting

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MLtrader

Member since: Jan 08
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Posted March 13, 2008 (03:05PM)

Was a little nervous pulling the trigger for SPY call orders  this morning while the market was down close to 200 points and the oversea market crashed overnight, but experience told me this maybe a good time to buy.  Bought the calls.  Turned out to be a not too bad of day.  Took a decent profit and see another day of trading.  Thanks to the S&P report saving the day.  Don't know what tomorrow and Monday will bring... two trading days before the Fed meetings ..will the shorts cover? or will they short the market full steam ahead?      
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Will Profit

Member since: Mar 07
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Unemployed pearl and sponge diver in south central Texas. This leaves me quite a bit of time for marathon poker games and binge drinking.
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Xerox (which by coincidence is my astrological sign),, The great Republic of Texas UNITED STATES
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Posted March 13, 2008 (03:54PM)
I have given up guessing. Each time the indexes are in trouble they trot someone out to lie and pimp for the banks and the DOW spikes up. Eventually the financials have to report quarterly earnings/losses. I am buying small April puts on the QQQQ to try to keep a cash stream going. I will continue to hold June puts on the XLF until the cows come home. We are not at the bottom yet. This is only my opinion. Have you read my blog "The Audacity Of Hoplessness"? Sums up what I think is going on. Sometimes I forget to check the group. Feel free to private message me. I don't know about you, but I need all the help I can get.
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MLtrader

Member since: Jan 08
5 Day -35.35%
15 Day -40.52%
1 Month -33.18%
3 Month -42.21%
6 Month -41.46%
1 Year -21.07%
As of: 11/21/09
How is this calculated?
Trades 508
Trade Notes 2
Blog Posts 2

Age: 30's
MLtrader Brokerage Account
Posted March 13, 2008 (05:08PM)

Yeah..actually I did.  I like reading what others have to say about the market from bulls and bears and make trading decision on the market.  interesting post, but I won't blame the Gov't because the Gov't & Fed have been making me money lately.  I have been anticipating their moves.  you too, feel free to msg me.  we all need some helps.