Not likely a strong rally this week from the looks of things (small rally maybe?). I guess all those “put” options bought in the 190 and 195 strike prices back 3 weeks ago really was insiders after all.
When I spotted it I was very suspicious of it being insiders but I’ve been so programmed to expect the market makers to manipulate the market to make them expire worthless that I ignored the writing on the wall. It very clear now that insiders bought those puts.
We got the move back to the 50% retracement zone at 1875. It would be even better would for a 61% retracement back to about 1850.That would give us the kind of extreme conditions that could spawn a final blow on phase over the next 3-6 months.
so bounce tomorrow or look out below for a couple more days. The million dollar question!
Not likely a strong rally this week from the looks of things (small rally maybe?). I guess all those “put” options bought in the 190 and 195 strike prices back 3 weeks ago really was insiders after all.
When I spotted it I was very suspicious of it being insiders but I’ve been so programmed to expect the market makers to manipulate the market to make them expire worthless that I ignored the writing on the wall. It very clear now that insiders bought those puts.
Looks like a “capitulation” day! I suspect the bottom is for awhile and we’ll start a rally for a few days to weeks.
Gold Weekly support zone: http://niftychartsandpatterns.blogspot.in/2014/10/gold-weekly-support-zone-and-trend.html
TVIX Update (suggest the market will go down more first before a real bounce happens): http://screencast.com/t/kAaqeKbS
SPX Death Cross coming up soon: http://screencast.com/t/FAoztZn0IAO
Sorry about the video being locked on the new post guys. I accidentally set it to private when it should have been set to public so everyone could see it. I fixed it now. Try it again (http://reddragonleo.com/2014/10/12/will-there-be-a-stock-market-crash-in-2014)
From “where” to “where” are you talking about Scott? What’s your starting point and ending point for your call?
We got the move back to the 50% retracement zone at 1875. It would be even better would for a 61% retracement back to about 1850.That would give us the kind of extreme conditions that could spawn a final blow on phase over the next 3-6 months.
TVIX Update: http://screencast.com/t/1BUFkwjUOVw