I'm looking for 1040-1050 this week, then a bounce back up. After the bounce is done, we should continue back down. Support at 1020 and 998-1000. I think we'll pause a 1020 on the way down, but it should break on this trip down. Then we'll hit the 998-1000 area and bounce again.
correcting the JULy8th to oct20 from 870 to 1101 = 230 pts posted various levels at the blog spx likes to make 40pt moves and i have been using that as a rule of thumb measure even the last runup was 81 pts 230 X 38% = 88 pts = spx to 1013, but we should get more than that. the previous degree correction was 86 pts at 870 spx on Aug17. so this one should be larger, i would think. Jay
I'm looking for 1040-1050 this week, then a bounce back up. After the bounce is done, we should continue back down. Support at 1020 and 998-1000. I think we'll pause a 1020 on the way down, but it should break on this trip down. Then we'll hit the 998-1000 area and bounce again.
correcting the JULy8th to oct20 from 870 to 1101 = 230 pts posted various levels at the blog spx likes to make 40pt moves and i have been using that as a rule of thumb measure even the last runup was 81 pts 230 X 38% = 88 pts = spx to 1013, but we should get more than that. the previous degree correction was 86 pts at 870 spx on Aug17. so this one should be larger, i would think. Jay
So far so good… I mean my computer virus of course. I think I fixed it. So, we can continue what we started last night, only with you seeing what's on my screen. Text me if you want to chat tonight.
By the way, I was also looking a gold to break out… either up or down, but it had to break one way or the other. When I made the post on your site I seen you went short on gold. I followed you on that one (I was looking at it anyway).
I got the 103 puts on gld for 2.35 each. Not as good as what you got them for I'm sure, but I expect some decent retracement down on gold.
I'm looking for 1040-1050 this week, then a bounce back up. After the bounce is done, we should continue back down. Support at 1020 and 998-1000. I think we'll pause a 1020 on the way down, but it should break on this trip down. Then we'll hit the 998-1000 area and bounce again.
Great calls thus far Red….you the man!!!!!!!!
correcting the JULy8th to oct20 from 870 to 1101 = 230 pts
posted various levels at the blog
spx likes to make 40pt moves and i have been using that as a rule of thumb measure
even the last runup was 81 pts
230 X 38% = 88 pts = spx to 1013, but we should get more than that.
the previous degree correction was 86 pts at 870 spx on Aug17.
so this one should be larger, i would think.
Jay
Thanks Red
I'm looking for 1040-1050 this week, then a bounce back up. After the bounce is done, we should continue back down. Support at 1020 and 998-1000. I think we'll pause a 1020 on the way down, but it should break on this trip down. Then we'll hit the 998-1000 area and bounce again.
correcting the JULy8th to oct20 from 870 to 1101 = 230 pts
posted various levels at the blog
spx likes to make 40pt moves and i have been using that as a rule of thumb measure
even the last runup was 81 pts
230 X 38% = 88 pts = spx to 1013, but we should get more than that.
the previous degree correction was 86 pts at 870 spx on Aug17.
so this one should be larger, i would think.
Jay
Hey Tim… Anna has an excellent post on how to play BIDU. You can read it at http://www.hotoptionbabe.com.
Any news on BIDU A/H
So far so good… I mean my computer virus of course. I think I fixed it. So, we can continue what we started last night, only with you seeing what's on my screen. Text me if you want to chat tonight.
By the way, I was also looking a gold to break out… either up or down, but it had to break one way or the other. When I made the post on your site I seen you went short on gold. I followed you on that one (I was looking at it anyway).
I got the 103 puts on gld for 2.35 each. Not as good as what you got them for I'm sure, but I expect some decent retracement down on gold.
Red
Hey Tim… Anna has an excellent post on how to play BIDU. You can read it at http://www.hotoptionbabe.com.