FWIW, i tend to agree with Carl on this one. 1120-1125 (SPX) But I am not detecting any material money outflow yet. Data showing some minor outflow. It may turn into something more material. But nothing yet.
Everything looks ripe for a decline. The potential is there. Just waiting for 'the East wind', as the Chinese General in the movie Red Cliff says.
Looks like I may be selling my TZA shortly. Just not working today. It's above the pivot ($7.39) but has been sneaking under it. I suppose I could wait for the close to decide, but it could fall like a stone at days end. Bah.
I've seen Carl try to short the market many times. He gets burned often, even when he's right. He stayed away from shorting the January to February down move, just waited for the right time to go long. I can't imagine he'll try to short a 20 point move.
Yes, that it will be interesting to watch.
SC,
I really thought Carl was onto something with his lower range estimate, but then he went long.
Mental note: until Carl puts on a trade, don't take the estimates too seriously.
All sorts of signs that a decline is coming. Just need a real decline 🙂
FWIW, i tend to agree with Carl on this one. 1120-1125 (SPX) But I am not detecting any material money outflow yet. Data showing some minor outflow. It may turn into something more material. But nothing yet.
Everything looks ripe for a decline. The potential is there. Just waiting for 'the East wind', as the Chinese General in the movie Red Cliff says.
The other possibility I see is one last mad upthrust in $RUT to 680ish.
Looks like I may be selling my TZA shortly. Just not working today. It's above the pivot ($7.39) but has been sneaking under it. I suppose I could wait for the close to decide, but it could fall like a stone at days end. Bah.
I think you're in the right ETF.
Unless we see some shenanigans very soon, I think this $RVX move is real. Needs to cross 50 with authority to confirm.
http://www.screencast.com/users/dreadwin/folder…
Carl sold both units at 1137.50
Carl added Long second unit at 1139.75
Thanks Dreadwin
I'm in TZA — not loving it.
I've seen Carl try to short the market many times. He gets burned often, even when he's right. He stayed away from shorting the January to February down move, just waited for the right time to go long. I can't imagine he'll try to short a 20 point move.