I hope it does, but even if I get killed, its ok; I thought the market would go up yesterday, gut feeling, but my gut also thinks by Aug expiration I will be in the money. People have no credit cards or refinancing to spend, so reality will come home, I believe
I know the feeling my friend. I've lost quite a bit too. I wish you the best of luck. The charts tell me that we should sell off later today and tomorrow, so maybe it will all work out fine.
Tis is not advise, unless you want to know how to turn 55k into 17k in less than a month; thats what I have done staying short this market. However, with Goog coming into ebooks and Amzn trading at 121 I am going to hold short through the earnings announcment on Thursday. I think this one should get killed no matter what the market does==mayby I just pray it does… laughing at myself
I found it again… thanks. I remember reading the post on Sunday and found it cool that Cobra is noticing the prints too. LOL.
I think it will match up perfectly with the 109.79 spy print, as it will also fill the gap from Thursdays' close to Fridays' open. Looks like the perfect spot to get short.
Gang,
Anna told me that she has a 106.89 print. I missed that one, but I believe we will go to 109.79 first, and then the 106.89 print.
I hope it does, but even if I get killed, its ok; I thought the market would go up yesterday, gut feeling, but my gut also thinks by Aug expiration I will be in the money. People have no credit cards or refinancing to spend, so reality will come home, I believe
I know the feeling my friend. I've lost quite a bit too. I wish you the best of luck. The charts tell me that we should sell off later today and tomorrow, so maybe it will all work out fine.
Tis is not advise, unless you want to know how to turn 55k into 17k in less than a month; thats what I have done staying short this market. However, with Goog coming into ebooks and Amzn trading at 121 I am going to hold short through the earnings announcment on Thursday. I think this one should get killed no matter what the market does==mayby I just pray it does… laughing at myself
Interesting statistic from Cobra's blog…
http://lh6.ggpht.com/_APmrYvpA45s/TEZOwGeLEZI/A…
If you like Agriculture, I've seen POT, MOS touted as strong buys. (Chris Mayer pick from Agora Financial).
Considering the rise in commodities, Sugar and Wheat would also probably do you well. Livestock, too. (The most beaten down and waiting for a rebound)
BAL iPath DJ-UBS Cotton TR Sub-Idx ETN
JJG iPath DJ-UBS Grains TR Sub-Idx ETN
SGG iPath DJ-UBS Sugar TR Sub-Idx ETN
COW iPath DJ-UBS Livestock TR Sub-Idx ETN
DBA – PowerShares DB Agriculture (overall)
DYODD. YMMV. RTFM. ROTFL.
This is not investment advice. 😉
Yep… I'd say we are going to 109.79 spy for sure.
You are going to get the gap up IMO
i am close to getting stopped out but am not looking long at this point either.
Today, qualified as an unclear day, Dow Down 100, then finishes up 75.
At least I broke even on some old longs today.
I found it again… thanks. I remember reading the post on Sunday and found it cool that Cobra is noticing the prints too. LOL.
I think it will match up perfectly with the 109.79 spy print, as it will also fill the gap from Thursdays' close to Fridays' open. Looks like the perfect spot to get short.
http://lh6.ggpht.com/_APmrYvpA45s/TEKh_SaSmDI/A…