This is fairly normal near a top. Carl gets confused because his indicators start to break down. Remember that Carl's bias is bullish — he thinks breakout / shakeout / breakout instead of “false breakout” / “make people chase” / “tank it for real”. Time will tell if he's right.
I'm still in my DRV (bought at 8.70, currently down about 1.5%).
Carl could be right or he could not be. I have more faith in you.
And sadly I think it may get close to there.
This is fairly normal near a top. Carl gets confused because his indicators start to break down. Remember that Carl's bias is bullish — he thinks breakout / shakeout / breakout instead of “false breakout” / “make people chase” / “tank it for real”. Time will tell if he's right.
I'm still in my DRV (bought at 8.70, currently down about 1.5%).
Carl just raised his low for the day from 1156 to 1161.25.
I'm getting a bit dizzy.
Duh… you're right. I didn't fully read the question.
Perhaps subconsciously Red is answering the right question.
You are sailing on a FAIL boat, red. LOL He asked what PUTs to buy for the 'correction' later.
Good answer but wrong question. LOL
He hasn't mentioned giving up on 1200.
If he is right, then that means we get there and then bounce back up to higher highs before falling gain.
Carl dropped his low for today from 1161 to 1156
1155-1156 was his support area a couple of days ago.
Now he sees 1150-1156 as a possible low area.