Exactly! I agree that it doesn’t have to crash after hitting the print, but it should be the final top. Then a little selling into the end of the year, with a small rally back up in January (but not exceeding the DIA print), and then a big wave 3 down about mid-January. Sounds good too me… now let’s see if it plays out?
Now that we are getting closer, I think the DIA FP will hit closer to the 1280 mark. Last check here DIA is at 14.96 (2.8% away from 118.16). Add 2.8% from here as of this writing (SPX 1246) we have 1280, so your estimates are pretty close. Considering I’m a bear (and positioned as such), is it bad that I’m cheering for the market to go up? What’s wrong with that picture? I just want to get this FP out of the way so we bears can finally start making money. Remember, Dec 21st is lunar eclipse and Wall St. comes out on DVD. Doesn’t have to be crash after that, maybe just a top?
VIX and VXX is not the same!!!! VXX is ” short term VIX” VXX can make you fortune in 3 min but it can take it all in 2 weeks!! to trade VXX you need panic on stock market
Just remember to keep a tight stop. We still have extremely light volume and that usually favors the bulls. If we don’t pullback soon, we could see that DIA print within a few days… maybe by Friday?
Exactly! I agree that it doesn’t have to crash after hitting the print, but it should be the final top. Then a little selling into the end of the year, with a small rally back up in January (but not exceeding the DIA print), and then a big wave 3 down about mid-January. Sounds good too me… now let’s see if it plays out?
Red,
Now that we are getting closer, I think the DIA FP will hit closer to the 1280 mark. Last check here DIA is at 14.96 (2.8% away from 118.16). Add 2.8% from here as of this writing (SPX 1246) we have 1280, so your estimates are pretty close. Considering I’m a bear (and positioned as such), is it bad that I’m cheering for the market to go up? What’s wrong with that picture? I just want to get this FP out of the way so we bears can finally start making money. Remember, Dec 21st is lunar eclipse and Wall St. comes out on DVD. Doesn’t have to be crash after that, maybe just a top?
Wow, EUR up 2c on USD…I guess $7 bil in illegal manipulation is not enough to for both forex and the S&P…need to ramp up the money printing!
NFLX falling pretty hard.
VIX and VXX is not the same!!!! VXX is ” short term VIX” VXX can make you fortune in 3 min but it can take it all in 2 weeks!! to trade VXX you need panic on stock market
its gonna be too late short later!!! i remember i tried short FAS at 105 there was no shares available !!! just like shorting FAZ at 13 there was none
VXX is green today, but so is the market and so is Spy. But VIX is down?
Can anyone shed some inisght on why VXX is going up?
That’s good. Then you are just inching your way in slowly. Smart move I believe.
i got money!!! if goes higher i will reshort. light volume on way up
Just remember to keep a tight stop. We still have extremely light volume and that usually favors the bulls. If we don’t pullback soon, we could see that DIA print within a few days… maybe by Friday?