Weekend Charting & Chat - 30th Jan 2015, page-25

Hi Trippers
Took a few screen shots over morning coffee while waiting for Cadels farewell ride; "Go Cadel";

Been lots of gloom and doom on thread as usual so basically looked for the threat. (FWIW I have Mr gloom ... yeah the old prankster Martis ...  on ignore and enjoying thread a lot more; but surprised ... (now I am away from the distractions of of his crayon drawings) .... of how many people actually "follow" his rants. Some even ask questions?? Beyond me.

Why am I saying all this? My recent options foray has given me a new insight into the markets; traders fear the downside much more than they "value" the upside. They pay MUCH more for put options than call options ... often more than twice as much for a put of X points away from the strike as a call of similar distance away. This is despite the FACT that by definition markets go UP far more than they go down. Interesting hey?

Evidence of markets going UP?
















cheers g