Sorry Richie, I had some things to do this morning and got back a little late… but I’m here now. Looks like all the selling was done afterhours… figures!
On the sidelines my friend. They say buy when theirs blood on the street but I will sit this one out. Uncertainty unbelievable……I pray for the Japanese people. What a trajedy.
the overnight charts are going to say lower low coming within 48 hours. positions, no longs. so this downturn may only just now be gathering steam. march madness corrections are huge. sometimes 20%
What did I say about SHORT AND HOLD? I am leveraged approximately 6:1 short heading into tomorrow via puts and 3x ETFs. Of course, I lost quite a bit shorting on the way up, so it’s nothing to brag about, but at least I’m going to have a good run here. Now the question is what next? I’m using this H&S target on CPCE as a guide, whenever it hits the 0.75 target, I’m at least closing my shorts. We’ll see about going long.
Sorry Richie, I had some things to do this morning and got back a little late… but I’m here now. Looks like all the selling was done afterhours… figures!
hellooooo RED? anybody?? is anybody here?? its like a ghost town around here…
did i miss something?? is there a party going on at someones house that i was not invited to??
On the sidelines my friend. They say buy when theirs blood on the street but I will sit this one out. Uncertainty unbelievable……I pray for the Japanese people. What a trajedy.
SP futures have bounced off intra-year support slightly below 1260. If that is pierced, look out below.
I agree. 2nd wave with mutual fund redemtions?
the overnight charts are going to say lower low coming within 48 hours. positions, no longs. so this downturn may only just now be gathering steam. march madness corrections are huge. sometimes 20%
What did I say about SHORT AND HOLD? I am leveraged approximately 6:1 short heading into tomorrow via puts and 3x ETFs. Of course, I lost quite a bit shorting on the way up, so it’s nothing to brag about, but at least I’m going to have a good run here. Now the question is what next? I’m using this H&S target on CPCE as a guide, whenever it hits the 0.75 target, I’m at least closing my shorts. We’ll see about going long.
http://stockcharts.com/h-sc/ui?s=$CPCE&p=D&yr=1&mn=0&dy=0&id=p95703732122&a=212455687
Holy bejeeesus! Nikkei down 13%.
This is nuts!!!
Wow… just checked the futures.. my god… this mother is gonna TANK… tomorrow AM… where is ROBERT ? on vacation ?
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