“If” we do top here and tank next week, today will be looked upon as a typical day… with NO news or indication of the disaster that followed it the next week.
We of course, will be some of the few who knew months in advance of the final top price level. Of course the “insiders” will have known, as they always know. But this should mark the first time that a lot of us “sheep” knew too!
With all seriousness…..the market may have crashed 1 or 2 times in its entire history from ‘overbought’ conditions. Calling for a crash is ‘at best’ a less than 1/1000th of 1% probability…thats just plain math !
I’m going for February puts. The strike will depend on your risk tolerance, but 5 to 10 points lower then the current level is what I’m looking at.
Remember, “if” a big move happens, the VIX will rise too… which helps with any time decay. If she falls apart over the weekend, we could easily see a 5 point drop (50 spx) by the end of next week.
It sure sounds like “lights out” to me! The VIX is now at 15.58! Whole Cow! Talk about a perfect opportunity to rob the bulls, this weekend makes one. I don’t know “what” the event might be, but something wicked is coming.
I’m glad I’ve made you laugh. If I’m right, then I’ll be laughing too!
blaine youre funny, but really good with numbers. so you think we are 99% there? lol I hope you are right.
Don’t get me wrong….I find your site has great entertainment value.
Trading is an odd game…..taking a bet on 1/1000th of 1% chance of anything happening is like feeding the money and watching him shit
“If” we do top here and tank next week, today will be looked upon as a typical day… with NO news or indication of the disaster that followed it the next week.
We of course, will be some of the few who knew months in advance of the final top price level. Of course the “insiders” will have known, as they always know. But this should mark the first time that a lot of us “sheep” knew too!
I’m excited, scared, and anxious… how about you?
With all seriousness…..the market may have crashed 1 or 2 times in its entire history from ‘overbought’ conditions. Calling for a crash is ‘at best’ a less than 1/1000th of 1% probability…thats just plain math !
Do you all know why it never crashed in the past when I would put up a “Black Monday” or Black Friday” post?
Answer: I got the day wrong… it should have been “Black Tuesday”!
I’m going for February puts. The strike will depend on your risk tolerance, but 5 to 10 points lower then the current level is what I’m looking at.
Remember, “if” a big move happens, the VIX will rise too… which helps with any time decay. If she falls apart over the weekend, we could easily see a 5 point drop (50 spx) by the end of next week.
It sure sounds like “lights out” to me! The VIX is now at 15.58! Whole Cow! Talk about a perfect opportunity to rob the bulls, this weekend makes one. I don’t know “what” the event might be, but something wicked is coming.
red,
if it falls short by a few pips will it be considered fulfilled??/ i am hoping it paints it directly, but it may fall just shy…..