Look at cobra's institutional chart. While us suckers have been trying to short the last week, smart money has been buying positioning for the this entire move up. The writing is on the wall, we're just not reading it. I wish I had closed out my few reamining puts this morning and picked up more SSO.
What would you consider confirmation? I really don't see us trading down, unless jobless claims are really, really bad tomorrow. Like everything else bad that it will be spun and then used to justify the rally. Most likely scenario is we based around these levels rest of the week to burn off the overbought conditions and then begin the next leg up next week after OPX.
Yeah I lucked out after i got stopped out of TNA. Did not get out of SSO and Tyh. I added a bit of all this am thinking this would all turn green.
Its just pre4determined IMO
Look at cobra's institutional chart. While us suckers have been trying to short the last week, smart money has been buying positioning for the this entire move up. The writing is on the wall, we're just not reading it. I wish I had closed out my few reamining puts this morning and picked up more SSO.
IlliniKap A sideways correction and an up move is very much possible. Then as you said the divergence will burn off.
Simply unreal.
What would you consider confirmation? I really don't see us trading down, unless jobless claims are really, really bad tomorrow. Like everything else bad that it will be spun and then used to justify the rally. Most likely scenario is we based around these levels rest of the week to burn off the overbought conditions and then begin the next leg up next week after OPX.
My girl VIX is looking mighty fine. Got her push-up bra and capri pants.
Says she's going to 31.
I say, yeah, you do that.
I agree
Wait for a strong confirmation.
Rip let the price confirm before taking big short position.
You're the best, San.
I just bought some very cheap (!) July puts.