We had 2 closes above that line yesterday. Another close above it today would probably mean that the market will go on up to the next level before pulling back.
I don't know that to be exact of course? I wonder if the 119.35 spy print will be hit today, or tomorrow? I think we will sell off into the close and end below that line.
Then rally up to the 119.35 tomorrow… maybe? The market looks pretty weak right now. It seems to be losing steam. Don't know if that print will be hit or not?
If it's hit, then the Dow should hit 11,000… and I really don't think they plan on letting that happen. Call me nuts, but baiting everyone into going long… assuming that 11,000 is guaranteed, and then not hitting it, seems to make more sense.
Then sell off next week on the usually bullish opx week. Lot's of longs in the market right now, and too many shorts on the VIX too.
I don't like to use the term predicting, the probabilities on the weekly setup favor a debasement here. Should a debasement be initiated then 1078 is de-leverage pt. 1. the 1049.98 number is derived from the current co-relational ritual : value setup based upon the terminal high being 1191.80. Time wise should a debasement be initiated now then I would look to the end of April at the earliest given the dynamics of daily & weekly containment pts.
The current setup in the equity indexes is a great learning opportunity. There is a series of de-leverage pts. underneath the current price levels, and we have 1 de-leverage pt. above the current price level. What would happen if the operators took the index to the higher price level before the lower price level. For those using highly levered instruments short it would blow you out of the market.
Staying power in this game is allocating capital to setups using non-levered capital. The reason why most people use leverage is they are under-funded in their operations.
If one was to initiate a series of short positions on the SPY right here, you know the terminal upward de-leverage pt. is ~7.7% away or downward de-leverage pt. #1 is ~9.2% away.
If you want to short 20k shares of SPY, you can use containment pts. as sell triggers on the upward thrust to the terminal de leverage pt or use containment pts. along the way downward as VST cover triggers.
The market moves in 2 directions on infinite number of time frames due to the regulatory aspect. This is what precisely gives people problems, the time frame.
Yes – I see it … also that is a TL top from Aug which has been holding the mkt … mkt hit it first time yest at the high … 119.35 is where it is today …
The real high on the day should read 119.05 right?
We had 2 closes above that line yesterday. Another close above it today would probably mean that the market will go on up to the next level before pulling back.
I don't know that to be exact of course? I wonder if the 119.35 spy print will be hit today, or tomorrow? I think we will sell off into the close and end below that line.
Then rally up to the 119.35 tomorrow… maybe? The market looks pretty weak right now. It seems to be losing steam. Don't know if that print will be hit or not?
If it's hit, then the Dow should hit 11,000… and I really don't think they plan on letting that happen. Call me nuts, but baiting everyone into going long… assuming that 11,000 is guaranteed, and then not hitting it, seems to make more sense.
Then sell off next week on the usually bullish opx week. Lot's of longs in the market right now, and too many shorts on the VIX too.
Is the close today important at all?
the horse DIA is riding comes in about 109.48 today
here's a view of the current horse SPY is riding
http://www.flickr.com/photos/47091634@N04/45000…
montana isn't my cup of tea, but it's a great option for people wanting to stay domestically
I have a good friend that decided with his wife that they were going to stay domestic and bought a beautiful ranch. They love it up there.
Got it – thanks 🙂
So how do you get the teal line and price points for debasements ?
Also, what are de-leverage points ?
Thanks for sharing 🙂
Montana? Is that you, Ted Kaczynski? good behaviour? Or prison internet? 😀
I don't like to use the term predicting, the probabilities on the weekly setup favor a debasement here.
Should a debasement be initiated then 1078 is de-leverage pt. 1. the 1049.98 number is derived from the current co-relational ritual : value setup based upon the terminal high being 1191.80.
Time wise should a debasement be initiated now then I would look to the end of April at the earliest given the dynamics of daily & weekly containment pts.
The current setup in the equity indexes is a great learning opportunity. There is a series of de-leverage pts. underneath the current price levels, and we have 1 de-leverage pt. above the current price level.
What would happen if the operators took the index to the higher price level before the lower price level. For those using highly levered instruments short it would blow you out of the market.
Staying power in this game is allocating capital to setups using non-levered capital. The reason why most people use leverage is they are under-funded in their operations.
If one was to initiate a series of short positions on the SPY right here, you know the terminal upward de-leverage pt. is ~7.7% away or downward de-leverage pt. #1 is ~9.2% away.
If you want to short 20k shares of SPY, you can use containment pts. as sell triggers on the upward thrust to the terminal de leverage pt or use containment pts. along the way downward as VST cover triggers.
The market moves in 2 directions on infinite number of time frames due to the regulatory aspect. This is what precisely gives people problems, the time frame.
yeah I'm showing it
that 628.50 is co-relational to it's ENV 21,21,21 which was 628.72 on that day.
Yes – I see it … also that is a TL top from Aug which has been holding the mkt … mkt hit it first time yest at the high … 119.35 is where it is today …