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.
Yeah ropey… I agree. It just doesn't seem right yet. I mean the “big correction” of course. We bears have been beaten up so many times that we'll probably miss the big down move anyway.
I feel like the fly in a jar. I've been banging my head on the roof since the March low (going short), and when they finally take the lid off the jar (start the down trend) I wont believe it. I'll probably still be in the jar (sitting on the sidelines in cash) while escape (shorting the market) is just above my head.
We basically closed at 1080 today. That didn't break the support line, and a rally back up could occur on Monday… especially with light volume. We'll see I guess. I did close out my shorts… just to be safe.
the MAIN reason I would sell today is to be ready to BUY noon on MONDAY Monday's readings call for gradual improvement and there is a 13 day cycle pivot low at noon 27th & 28th are indicated quite positive Jay
Hi RED, My indicators say its DOWn today Flash looking for 9700, hmmm Monday should make a lower low, and recover leading to a couple UP days, but NOV 2nd as an important pivot low still stands MY plan is to close out shorts late today would like to see the 3pm turn DOWN to make it to 3;45 low Jay Monday at noon cycle low offers an opp to go long -2days
However, I never expected that big selloff into the close today. But, I went short about 1pm… once I saw that the 110.34 spy level wasn't going to be retest, and then “Bam” it fell off a cliff.
Tomorrow should be either a consolidation day (small retrace up… may 38% to 50%), or another day of selling. I really think that many bears are going to miss this quick move down.
I'm staying short… even if the jobs numbers are under 500k. That will only produce a small up day. I don't think the big boys are going to hold over the weekend. I just guessing… but Friday could be another down day. Let's see what tomorrow brings first.
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 Red, thanks so much for the support and chat last night. BTW I need to speak with you when you get a chance LOL
Yeah ropey… I agree. It just doesn't seem right yet. I mean the “big correction” of course. We bears have been beaten up so many times that we'll probably miss the big down move anyway.
I feel like the fly in a jar. I've been banging my head on the roof since the March low (going short), and when they finally take the lid off the jar (start the down trend) I wont believe it. I'll probably still be in the jar (sitting on the sidelines in cash) while escape (shorting the market) is just above my head.
Red
Looking for a final push into eom – it's end of fiscal year and a huge fed auction on 29th….
watching closely..
We basically closed at 1080 today. That didn't break the support line, and a rally back up could occur on Monday… especially with light volume. We'll see I guess. I did close out my shorts… just to be safe.
Red
the MAIN reason I would sell today is to be ready to BUY noon on MONDAY
Monday's readings call for gradual improvement
and there is a 13 day cycle pivot low at noon
27th & 28th are indicated quite positive
Jay
I hope your right Jay…
I'll also be closing out my position today. The move up was very strong, and today is Friday… which is usually light volume. That means a up day.
Either way, up or down, I'm closing out today as time value on my options will be killed over the weekend.
Red
Hi RED,
My indicators say its DOWn today
Flash looking for 9700, hmmm
Monday should make a lower low, and recover leading to a couple UP days, but NOV 2nd as an important pivot low still stands
MY plan is to close out shorts late today
would like to see the 3pm turn DOWN to make it to 3;45 low
Jay
Monday at noon cycle low offers an opp to go long -2days
Thanks…
However, I never expected that big selloff into the close today. But, I went short about 1pm… once I saw that the 110.34 spy level wasn't going to be retest, and then “Bam” it fell off a cliff.
Tomorrow should be either a consolidation day (small retrace up… may 38% to 50%), or another day of selling. I really think that many bears are going to miss this quick move down.
I'm staying short… even if the jobs numbers are under 500k. That will only produce a small up day. I don't think the big boys are going to hold over the weekend. I just guessing… but Friday could be another down day. Let's see what tomorrow brings first.
Red