Hi there, took a position in TNA for the day to hedge the short positions I have left. Will reload shorts on a bounce in the next few days (probably after the holiday)
You mean… look at Goldman Sachs? They are tanking this morning and almost ready to fall through an important downward sloping trendline. Good for the bears… LOL
You would not be paying much! For e^(i*pi) when using imaginary numbers in such a notation you can convert it to rectangular form by taking the cosine of the real term and the sine of imaginary coefficient. The sine of pi is 0, so it's just a fancy way of writing 0.
As for the .002, because the limit as n approaches infinity of the summation on the check is technically 0.9999999… …9, I think he threw that in to round up to a dollar.
Well, the charts aren't mine. The weekly chart is on Cobra's blog, and the monthly is on The Chart Pattern Trader… so I'll give credit to them for the notes on each one.
But, I do come up with my own analysis. I look at other peoples' charts, throw in the fake prints and add the “manipulation” factor in the mix… and Bam! … I have a forecast. LOL (wrong most of time anyway, but is anyone always right?)
Just look for the 991 area to be hit first… before going long. Remember, hitting a moving average on the first hit has about an 80% success rate of a bounce.
The 2nd and 3rd (etc…) times get weaker, and will break. Look at the link for the weekly chart, and you will see in the past that it bounced for 2 weeks back in late November of 2008… and then fell back down again going through it on the 2nd hit.
We could have the same thing over the next 2 weeks, as OPX is 2 weeks from this Friday… meaning that every one short will likely be squeeze into opx.
Not a guarantee of course, but I've seen it too many times now. Get everyone buying puts at the bottom (short term) and rally up into opx making them expire worthless.
I don't know how high of course, and yes I expect more selling in the month of July and August. But, there will always be rallies along the way. Just close out all your shorts by Friday at the latest, or 991 area… whichever comes first.
I don't if we are done sell yet Monica? If we rally today, I'd close them out… just to be safe. You never know what Friday will bring?
However, starting next week, and until opx (this is after we hit the low 990 level), I expect a move up to 1070.50 spx.
Hi there, took a position in TNA for the day to hedge the short positions I have left. Will reload shorts on a bounce in the next few days (probably after the holiday)
You mean… look at Goldman Sachs? They are tanking this morning and almost ready to fall through an important downward sloping trendline. Good for the bears… LOL
GS
Eur/Usd bull flag breaks out. If it is not a false one will take the pair above 1.24 region
http://niftychartsandpatterns.blogspot.com/2010…
You would not be paying much! For e^(i*pi) when using imaginary numbers in such a notation you can convert it to rectangular form by taking the cosine of the real term and the sine of imaginary coefficient. The sine of pi is 0, so it's just a fancy way of writing 0.
As for the .002, because the limit as n approaches infinity of the summation on the check is technically 0.9999999… …9, I think he threw that in to round up to a dollar.
Basically 0 or .002c!
Well, the charts aren't mine. The weekly chart is on Cobra's blog, and the monthly is on The Chart Pattern Trader… so I'll give credit to them for the notes on each one.
But, I do come up with my own analysis. I look at other peoples' charts, throw in the fake prints and add the “manipulation” factor in the mix… and Bam! … I have a forecast. LOL (wrong most of time anyway, but is anyone always right?)
Great analysis! love your charts too. Thanks Red!
Just look for the 991 area to be hit first… before going long. Remember, hitting a moving average on the first hit has about an 80% success rate of a bounce.
The 2nd and 3rd (etc…) times get weaker, and will break. Look at the link for the weekly chart, and you will see in the past that it bounced for 2 weeks back in late November of 2008… and then fell back down again going through it on the 2nd hit.
We could have the same thing over the next 2 weeks, as OPX is 2 weeks from this Friday… meaning that every one short will likely be squeeze into opx.
Not a guarantee of course, but I've seen it too many times now. Get everyone buying puts at the bottom (short term) and rally up into opx making them expire worthless.
I don't know how high of course, and yes I expect more selling in the month of July and August. But, there will always be rallies along the way. Just close out all your shorts by Friday at the latest, or 991 area… whichever comes first.
Thanks Red…Still holding half of SDS positon…will close them tomorrow and maybe go long Friday.