So on Friday I put a comment on here showing a false print being flashed on SPY at the time the S&P was trading at 131.87, the value of the flash was 130.89. We hit that this morning and slightly overshot, but that is typical of FP trading. Furthermore, the flash occurred RIGHT AT THE HIGHS of the day.
So I bought puts up there and made a pretty penny. But go on believing they don’t mean anything and can’t be traded. Your loss! I can’t believe people don’t understand the patterns!!
closed out half my shorts this morning on the weakness, but looking to reload when it pushes into the green or at the close, depends on the nature of the rebound
retail traders are very bullish so I think this sell off could be deeper than I expected, and I’m not sure today closes up, however, I will stick the game plan and reload up higher if they bounce or if key levels are broken on the way down
The Net Free Credit (or net margin debt depending on whether one puts the + or – sign in front), calculated as Total Free Credit less Total Margin Debt jumped from ($46) billion to a massive ($57) billion. This is the third lowest net worth reading ever reported by the NYSE. Only the ($67.8) billion in May 2007 and ($79) billion in June 2007 are worse, and confirm that everyone is levered to the gills at virtually the same level as when the market was at its all time highs. We all know what happened next.
Well Red, hope your doing ok.
The power of the T was positive until Monday (like I said thursday night).
and now price has declined down the fibonacci arc. http://i52.tinypic.com/20t1mpv.png
The T no longer has any predictive effect, and has expired.
Let’s see if the price continues to decline down the arc, or move on to new hunting grounds.
-GG
So on Friday I put a comment on here showing a false print being flashed on SPY at the time the S&P was trading at 131.87, the value of the flash was 130.89. We hit that this morning and slightly overshot, but that is typical of FP trading. Furthermore, the flash occurred RIGHT AT THE HIGHS of the day.
So I bought puts up there and made a pretty penny. But go on believing they don’t mean anything and can’t be traded. Your loss! I can’t believe people don’t understand the patterns!!
closed out half my shorts this morning on the weakness, but looking to reload when it pushes into the green or at the close, depends on the nature of the rebound
retail traders are very bullish so I think this sell off could be deeper than I expected, and I’m not sure today closes up, however, I will stick the game plan and reload up higher if they bounce or if key levels are broken on the way down
Yeah… looks like time is running out for the bulls Richie.
I’m with you on that GG… let it fall.
That 1291 ES level looks like a good spot to bounce from… let’s see if it hits it today?
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/03/es-hour-chart-analysis_29.html
red,
an omen for the market!
http://www.zerohedge.com/article/everyone-chasing-levered-beta-nyse-reports-third-highest-net-margin-debt-amount-ever
The Net Free Credit (or net margin debt depending on whether one puts the + or – sign in front), calculated as Total Free Credit less Total Margin Debt jumped from ($46) billion to a massive ($57) billion. This is the third lowest net worth reading ever reported by the NYSE. Only the ($67.8) billion in May 2007 and ($79) billion in June 2007 are worse, and confirm that everyone is levered to the gills at virtually the same level as when the market was at its all time highs. We all know what happened next.
Well Red, hope your doing ok.
The power of the T was positive until Monday (like I said thursday night).
and now price has declined down the fibonacci arc.
http://i52.tinypic.com/20t1mpv.png
The T no longer has any predictive effect, and has expired.
Let’s see if the price continues to decline down the arc, or move on to new hunting grounds.
-GG
OK – how can futures be up when Q’s and SPY are down premarket? I am checking Finviz and CNBC for futures.
Hey Robert… what levels are you looking for? … and when?