If you live near a lot of people… lead is your best friend. I guess maybe I overdid it a little with the scary video and headline. I'm a better writer then trader. LOL
Trying to pick the right instrument to go short with is the tough thing to do. FAZ is around 14 now, and will probably drop to 11-12 if we go up to 11,816 on the dow.
So, if the market crashes after the June/July high, how high could something like FAZ go? In the beginning, it will go up slowly, as it's only gaining from the lower price of 11-12, but when it hit's 30-40, the moves up will be like a snow ball getting bigger as it rolls down the hill.
I'm thinking about going long on FAZ with some December Calls. Maybe the 20 strike price? If the market falls like I expect it too, FAZ could top a 100 before December.
The same could be true for TZA I guess? I don't know about 100 or not, but 50 certainly wouldn't be out of the question. Remember, that first move down from 1500 spx to 666 spx was only a Primary Wave 1… this it P3!
The fall will be faster and more brutal… at least that's what I've been lead too believe.
Thanks Alpha… It was a little too long, but it was also my first video. I just “winged it”, which is why I bounced around a little too much, making in drag out too long.
I'll try too be more organized for the next video, and keep it shorter.
I was reading someone advising us all to have a months hard cash in a safe place as the banks and cash machines might freeze up for a few weeks – preferably US$ not GB£. Looks like a rodeo coming up
If you live near a lot of people… lead is your best friend. I guess maybe I overdid it a little with the scary video and headline. I'm a better writer then trader. LOL
I prefer .45 ACP, kidding aside this is going to get serious.
wow… forget about precious metal like gold, platnum, silver etc… There is only one precious metal you should be accumulating.
LEAD!! 308, 9mm, 0.50. LOL
Trying to pick the right instrument to go short with is the tough thing to do. FAZ is around 14 now, and will probably drop to 11-12 if we go up to 11,816 on the dow.
So, if the market crashes after the June/July high, how high could something like FAZ go? In the beginning, it will go up slowly, as it's only gaining from the lower price of 11-12, but when it hit's 30-40, the moves up will be like a snow ball getting bigger as it rolls down the hill.
I'm thinking about going long on FAZ with some December Calls. Maybe the 20 strike price? If the market falls like I expect it too, FAZ could top a 100 before December.
The same could be true for TZA I guess? I don't know about 100 or not, but 50 certainly wouldn't be out of the question. Remember, that first move down from 1500 spx to 666 spx was only a Primary Wave 1… this it P3!
The fall will be faster and more brutal… at least that's what I've been lead too believe.
Perhaps the inverse ETFs just don't go up as they should. Seems I remember something like that happening — can't recall when it was.
Thanks Alpha… It was a little too long, but it was also my first video. I just “winged it”, which is why I bounced around a little too much, making in drag out too long.
I'll try too be more organized for the next video, and keep it shorter.
RDL one of the most entertaining posts I've read in quite some time. I'll start making note of fake prints
Makes you wonder if they will even pay out on any shorts you have in the market… especially if it's a bad as I think it will be.
I was reading someone advising us all to have a months hard cash in a safe place as the banks and cash machines might freeze up for a few weeks – preferably US$ not GB£.
Looks like a rodeo coming up
Kind of tanking a bit now though….target 1100 on the ES