Becareful in following Carl's trades. I have seen him getting stopped out trades after trades, day after day. This is not a demerit on him. Carl just does his things. lol Apparently he does it well, over time.
FWIW, i tend to agree with Carl on this one. 1120-1125 (SPX) But I am not detecting any material money outflow yet. Data showing some minor outflow. It may turn into something more material. But nothing yet.
Everything looks ripe for a decline. The potential is there. Just waiting for 'the East wind', as the Chinese General in the movie Red Cliff says.
Looks like I may be selling my TZA shortly. Just not working today. It's above the pivot ($7.39) but has been sneaking under it. I suppose I could wait for the close to decide, but it could fall like a stone at days end. Bah.
The day is not over Earl. Think we will have a sell off eod.
SC,
I don't exactly follow his trades. I have my own. When we disagree, I generally try to figure out if maybe I made a mistake.
This morning I was trading TZA, and he came out with lower estimates — a good match. Hasn't worked out well for either of us 🙂
Becareful in following Carl's trades. I have seen him getting stopped out trades after trades, day after day. This is not a demerit on him. Carl just does his things. lol Apparently he does it well, over time.
Yes, that it will be interesting to watch.
SC,
I really thought Carl was onto something with his lower range estimate, but then he went long.
Mental note: until Carl puts on a trade, don't take the estimates too seriously.
All sorts of signs that a decline is coming. Just need a real decline 🙂
FWIW, i tend to agree with Carl on this one. 1120-1125 (SPX) But I am not detecting any material money outflow yet. Data showing some minor outflow. It may turn into something more material. But nothing yet.
Everything looks ripe for a decline. The potential is there. Just waiting for 'the East wind', as the Chinese General in the movie Red Cliff says.
The other possibility I see is one last mad upthrust in $RUT to 680ish.
Looks like I may be selling my TZA shortly. Just not working today. It's above the pivot ($7.39) but has been sneaking under it. I suppose I could wait for the close to decide, but it could fall like a stone at days end. Bah.
I think you're in the right ETF.
Unless we see some shenanigans very soon, I think this $RVX move is real. Needs to cross 50 with authority to confirm.
http://www.screencast.com/users/dreadwin/folder…
Carl sold both units at 1137.50