Red saw a fake print last week at 117.65. I wonder when/if that one will play out. If we get to that level, I would imagine that a lot of sellers would come in taking it lower so if you think we are pegged between 118-119 for Opex, maybe that 117.65 number can't happen until next week or at all for that matter.
Thanks – I'd imagine that would most likely be the goal of the government. But don't we have to test that containment at 1060 at some point and doesn't it seem timing wise, that we should get there sooner rather than later? I guess we could keep climbing higher/sideways and that containment line would go up as well so that the eventual drop wouldn't be that great.
Always like this analysis:
http://www.thedisciplinedinvestor.com/blog/2010…
Red saw a fake print last week at 117.65. I wonder when/if that one will play out. If we get to that level, I would imagine that a lot of sellers would come in taking it lower so if you think we are pegged between 118-119 for Opex, maybe that 117.65 number can't happen until next week or at all for that matter.
Alright – look forward to seeing the monthly chart.
http://www.optionsblackboard.com/obb-experience…
thank you Monica and good luck gal!!
yes the chart i posted yesterday with the light blue containment is going to get re-tested, When? Now or after the terminal de-leverage pt. is hit.
The parameters that I defined above will help us determine the time element.
Anna, I did see that. Thank you.
Thanks – I'd imagine that would most likely be the goal of the government. But don't we have to test that containment at 1060 at some point and doesn't it seem timing wise, that we should get there sooner rather than later? I guess we could keep climbing higher/sideways and that containment line would go up as well so that the eventual drop wouldn't be that great.
FWIW they will pin the SPY @ 118-119 for OPX GLTA
see my reasoning on optionsblackboard.com
i'll post a monthly chart later showing the time implications the bears are up against in order for a debasement to be initiated
you'll see the extinction of bears, day traders as the market falls asleep and the only ones that are left are those that are buy&hold.