In the past you spoke of SPY 20.16. Is that a FP or just a target someone developed with EW/technical analysis? I agree that level would be scary even for us bears…well we might crack a small smile if we ride it down with a little FAZ/TZA 😉
1122 is really the magic number. 33 #s from the square of 33 and 34 nmbrs from the square of 34. 89 tds from 05-06 could also be a veiled reference to the 8/9 high. The late August low came 89days from April 26 high. 1121-1123 would sit on the top left corner of the Gann square. 1212 is nearly on the opposite end of the square but several numbers inward. 1127-1131 would be more likely 180 degrees as they are inward on the Gann square. 9-13-10 reminded me of the 1131 summer solstice high.
A big move is coming, and I really don’t think it’s going to be one to the upside. It could start anytime now, but I’m sure they are trying to hold it up until after opx this Friday.
Unless they plan on getting short themselves, and profiting from really cheap expiring September options? I’d keep a sharp eye out for some huge put buying volume on this front month expiration.
Cobra posted about a large buyer of puts last month… and it drops hard on that Friday… meaning that large buyer knew where it was going. Let’s see if he returns…
Red, saw your post on HOB. The way gold and silver are running, maybe Benjamin Fulford is correct about the US Defaulting? I almost pulled the trigger and bought ZSL yesterday. Whew! lol Sitting on the side w/the little bear cash I have left and looking to go short soon!
Red,
In the past you spoke of SPY 20.16. Is that a FP or just a target someone developed with EW/technical analysis? I agree that level would be scary even for us bears…well we might crack a small smile if we ride it down with a little FAZ/TZA 😉
Pretty confusing?? He is a bear but???
1122 is really the magic number. 33 #s from the square of 33 and 34 nmbrs from the square of 34. 89 tds from 05-06 could also be a veiled reference to the 8/9 high. The late August low came 89days from April 26 high. 1121-1123 would sit on the top left corner of the Gann square. 1212 is nearly on the opposite end of the square but several numbers inward. 1127-1131 would be more likely 180 degrees as they are inward on the Gann square. 9-13-10 reminded me of the 1131 summer solstice high.
A big move is coming, and I really don’t think it’s going to be one to the upside. It could start anytime now, but I’m sure they are trying to hold it up until after opx this Friday.
Unless they plan on getting short themselves, and profiting from really cheap expiring September options? I’d keep a sharp eye out for some huge put buying volume on this front month expiration.
Cobra posted about a large buyer of puts last month… and it drops hard on that Friday… meaning that large buyer knew where it was going. Let’s see if he returns…
Red, saw your post on HOB. The way gold and silver are running, maybe Benjamin Fulford is correct about the US Defaulting? I almost pulled the trigger and bought ZSL yesterday. Whew! lol Sitting on the side w/the little bear cash I have left and looking to go short soon!
Mr. TopStep….
http://www.youtube.com/watch?v=mharvaYxkxY&feature=player_embedded
S&P 500 – Inverted head and shoulders
Option Monster….
http://www.youtube.com/watch?v=C4fxEN_YuJ8
At some point Europe is going to pop – and so will this bubble
http://pragcap.com/credit-spreads-in-europe-continue-to-widen
Dow Futures is trying to breakout: CLICK HERE