You never know exactly when Earl, but the charts I posted above clearly show that we are going down on Thursday. I do expect it to continue into Friday and next week too.
I see the 1044 being tested first, then 1020, 1000, and maybe even 980. Not sure if we will fall that far before opx, but it is possible, if a panic sets in?
I normally write my posts in about an hour or so, but this one took me 5-6 hours last night. I would normally do a post like that on the weekend, but we are at a crossroads, and I felt it was really important for people to understand why I'm still extremely bearish.
So, I spent the extra time showing all the reasons why a big sell off is coming ASAP… and will reward those who stay short and ride out the small turbulence.
Thanks for the link to INO. It's been awhile since I watched him. He see's the same thing I see… DOWN.
Fear and in-decision is how they get everyone to bail on their positions… just before they take the market in that direction. I've lost all fear now, as I only listen to what the technical analysis tells me… and that is still that we are going down.
I'm still expecting the sell off Crash. I believe it will start today, and carry over into next week. First target is to retest the 1044 low, then 1020, 1000, and maybe even 980?
At this point, I don't see us going up into opx, as this move down coming will last longer then the 2 days left that we have in this week. It should carry over into next week too.
I don't use EW as my primary means to trade. I use the TA's first, and then try to see if I can figure out an EW pattern that matches. There is a big difference there….
I still see us selling off hard, and I really expect that to start Thursday. I will post when I'm getting out, and at what level. If we start down today, I might be holding over the weekend. I'll have too see what the charts tell me.
I'm sure those puts you bought are underwater big time now, so just don't panic and sell them too early. Many people sell just as soon as they break even.
As I told you previously, you should have NOT bought straight put with a strike price so far out of the money, but there is hope, as the first target down is 1020, then 1000, and maybe 980? I see the move starting down today, and going until we hit those levels or opx.
If we make it down to 980, and you recover your money (and hopefully make some too), don't ever put straight puts again. Get your account setup so you can do spreads… Please.
I appreciate your efforts, but if this doesn't go down it speaks of the effectiveness of technical analysis. I'm not saying throw in the towel but I've seen EW blow up in your face many times. It should….it should….it should….but didn't
aussie jobs report came out. very good one. that clearly means dollar down and spx up tomorrow unless some other news shadow that good aussie job report.
You never know exactly when Earl, but the charts I posted above clearly show that we are going down on Thursday. I do expect it to continue into Friday and next week too.
I see the 1044 being tested first, then 1020, 1000, and maybe even 980. Not sure if we will fall that far before opx, but it is possible, if a panic sets in?
Thank you Monica…
I normally write my posts in about an hour or so, but this one took me 5-6 hours last night. I would normally do a post like that on the weekend, but we are at a crossroads, and I felt it was really important for people to understand why I'm still extremely bearish.
So, I spent the extra time showing all the reasons why a big sell off is coming ASAP… and will reward those who stay short and ride out the small turbulence.
Thanks for the link to INO. It's been awhile since I watched him. He see's the same thing I see… DOWN.
Fear and in-decision is how they get everyone to bail on their positions… just before they take the market in that direction. I've lost all fear now, as I only listen to what the technical analysis tells me… and that is still that we are going down.
Thank you Henry, I'm learning too…
I'm still expecting the sell off Crash. I believe it will start today, and carry over into next week. First target is to retest the 1044 low, then 1020, 1000, and maybe even 980?
At this point, I don't see us going up into opx, as this move down coming will last longer then the 2 days left that we have in this week. It should carry over into next week too.
I don't use EW as my primary means to trade. I use the TA's first, and then try to see if I can figure out an EW pattern that matches. There is a big difference there….
I still see us selling off hard, and I really expect that to start Thursday. I will post when I'm getting out, and at what level. If we start down today, I might be holding over the weekend. I'll have too see what the charts tell me.
I'm sure those puts you bought are underwater big time now, so just don't panic and sell them too early. Many people sell just as soon as they break even.
As I told you previously, you should have NOT bought straight put with a strike price so far out of the money, but there is hope, as the first target down is 1020, then 1000, and maybe 980? I see the move starting down today, and going until we hit those levels or opx.
If we make it down to 980, and you recover your money (and hopefully make some too), don't ever put straight puts again. Get your account setup so you can do spreads… Please.
I appreciate your efforts, but if this doesn't go down it speaks of the effectiveness of technical analysis. I'm not saying throw in the towel but I've seen EW blow up in your face many times. It should….it should….it should….but didn't
Tonight's post is now out… sorry it took so long gang.
I can't take another ramp job tomorrow. Ugh! When will it end?!
aussie jobs report came out. very good one. that clearly means dollar down and spx up tomorrow unless some other news shadow that good aussie job report.