Oh, I am as grateful as can be for all of Sun's input. He is VERY generous to share, and I feel like I've learned a ton in the past couple of weeks. Just an observation that he is looking at a much bigger picture.
Ben – I think ashsail is right – about 1112. You have to read between the lines:) just don't worry – we may not go down in a straight line, but we will go down.
Thanks – do you make anything of that fake print diablos saw at 120.60? Since we didn't have 2 120 closes today below containment, I am think we go up to that level tomorrow morning before hitting those two consecutive closes below containment? If we close below containment, and open below containment tomorrow, does that count as two 120 closes below containment?
Rip – we are lucky sun's giving us any information at all. It's our job to read between the lines and figure it out for ourselves. He said a while ago not to used leveraged instruments so the fact that we are time sensitive is our fault.
To me it looks like 2 options for the close close above 111.77(SPY currently has 4 consecutive lower closes than opens) OR Close near 110.34 which is the SPY crash gap that was left from 9.29.2008 weekly print
oh yeah – last time we had so many consecutive closes lower than opens, the shit hit the fan the next day.
Oh, I am as grateful as can be for all of Sun's input. He is VERY generous to share, and I feel like I've learned a ton in the past couple of weeks. Just an observation that he is looking at a much bigger picture.
Ben – I think ashsail is right – about 1112. You have to read between the lines:) just don't worry – we may not go down in a straight line, but we will go down.
hello sun
where is that containment line so we all know. I assume its the bottom red line? what level is that. It's probobly the spy.
thank you
Thanks a lot Sun.
Thanks – do you make anything of that fake print diablos saw at 120.60? Since we didn't have 2 120 closes today below containment, I am think we go up to that level tomorrow morning before hitting those two consecutive closes below containment? If we close below containment, and open below containment tomorrow, does that count as two 120 closes below containment?
Rip – we are lucky sun's giving us any information at all. It's our job to read between the lines and figure it out for ourselves. He said a while ago not to used leveraged instruments so the fact that we are time sensitive is our fault.
This is a weird day. i thought the bulls were overpowering there for a bit.
should have bought a bit more.
To me it looks like 2 options for the close
close above 111.77(SPY currently has 4 consecutive lower closes than opens)
OR
Close near 110.34 which is the SPY crash gap that was left from 9.29.2008 weekly print
You definitely have a longer view than most of us, Sun. Seen some nice paper profits come and go the past few days.
The rally was a nice buying opportunity, though. I'm bristling with May puts again.
Thank goodness that friggin' TL finally broke!