Red, I sure hope these theories aren't true. I better go hide in my bomb shelter on the 11th! Can't watch the market from there though 🙂 Futures holding up – bummer. Anxious to see what happens tomorrow. Good night!
Not sure what you are looking for exactly? If you can't do etf's in your trading account, then you will have to find out what you are allow to trade.
As for the 200ma… yes, I think we could hit that tomorrow? If so, I'd expect a bounce from it to create minor wave 4 up, inside of larger/intermediate wave 3 down.
That would allow for one more panic selling (minor wave 5) down to the 980 level… possible by Friday? We could sell off tomorrow, and then go sideways to slightly up into Thursday, and then sell off again into Friday.
That's about what I'm expecting to happen. That should complete larger/intermediate wave 3 down, and should produce an up move into OPX. If this plays out like this, I'll get out by Friday and wait for the up move next week to complete, before going short again.
That's correct girl… you're learning fast. The 106's will gain in value faster then the 101's will. As the 106's are now, or soon will be, gaining “Real” value with each point the market falls below 106.
All while the time still decay's on the 101's, and also while they are still “out of the money”. The goal is for the market to close at 101 on expiration. That way you wouldn't have to buy them back as they would expire worthless, while the 106's would be worth 5 points.
Of course we should be closing out that position before then, as I'm looking for 102 this week. That's when I'll close out the position, and you should too.
Keep in mind that we could pierce through the 102 level intraday, and then start a 1-2 day bounce back up. I'll be watching the 15 minute chart closely when we are at that time period and price.
I'll post it here when I'm looking to get out, so don't worry, I won't leave you in the dark.
I owe you more than dinner! Up $6700 on the 106s and down $2500 on the 101s. That sound about right to you so far? Just want to make sure I have it right.
You're one lucky girl… you got in a better spot then me. I missed the 60 minute chart on Friday when I talked a about Black Monday, and got in at the wrong time.
You couldn't have picked it any better! Tomorrow we have the Monthly, Weekly, Daily, 60 Minute, and 15 Minute charts all pointing down!
On top of that, we are in a minor wave 3 down, inside a larger/intermediate wave 3 down, inside of Primary wave 3 down! Whew! That's a lot of Wave 3's! I'd be shocked if we don't fall at least 200 points tomorrow.
I'm really expecting more like 400 points, but I don't want to make hard predictions like that… instead I'll stay that we have extremely high odds of falling off a cliff tomorrow.
I hope there not true as well Monica… but it's hard to ignore it, when it's right there in your face.
Red, I sure hope these theories aren't true. I better go hide in my bomb shelter on the 11th! Can't watch the market from there though 🙂 Futures holding up – bummer. Anxious to see what happens tomorrow. Good night!
Not sure what you are looking for exactly? If you can't do etf's in your trading account, then you will have to find out what you are allow to trade.
As for the 200ma… yes, I think we could hit that tomorrow? If so, I'd expect a bounce from it to create minor wave 4 up, inside of larger/intermediate wave 3 down.
That would allow for one more panic selling (minor wave 5) down to the 980 level… possible by Friday? We could sell off tomorrow, and then go sideways to slightly up into Thursday, and then sell off again into Friday.
That's about what I'm expecting to happen. That should complete larger/intermediate wave 3 down, and should produce an up move into OPX. If this plays out like this, I'll get out by Friday and wait for the up move next week to complete, before going short again.
quick request
can you also state the $SPX/SPMarch with you SPY or etf lingo. I can't do etf's
Do you think they'll pause at the 200 day ma?
Leo will probably post later today.
Nope…. I'm looking for a gap down to open the market tomorrow. And I'll tell Monica to buy you a beer too!
Red I feel like i'm intruding here remember not to forget your old mates buddy! I dont do dinner though mostly just beer!
Do you think therell be much of a ramp up tonight ?
That's correct girl… you're learning fast. The 106's will gain in value faster then the 101's will. As the 106's are now, or soon will be, gaining “Real” value with each point the market falls below 106.
All while the time still decay's on the 101's, and also while they are still “out of the money”. The goal is for the market to close at 101 on expiration. That way you wouldn't have to buy them back as they would expire worthless, while the 106's would be worth 5 points.
Of course we should be closing out that position before then, as I'm looking for 102 this week. That's when I'll close out the position, and you should too.
Keep in mind that we could pierce through the 102 level intraday, and then start a 1-2 day bounce back up. I'll be watching the 15 minute chart closely when we are at that time period and price.
I'll post it here when I'm looking to get out, so don't worry, I won't leave you in the dark.
I owe you more than dinner! Up $6700 on the 106s and down $2500 on the 101s. That sound about right to you so far? Just want to make sure I have it right.
You're one lucky girl… you got in a better spot then me. I missed the 60 minute chart on Friday when I talked a about Black Monday, and got in at the wrong time.
You couldn't have picked it any better! Tomorrow we have the Monthly, Weekly, Daily, 60 Minute, and 15 Minute charts all pointing down!
On top of that, we are in a minor wave 3 down, inside a larger/intermediate wave 3 down, inside of Primary wave 3 down! Whew! That's a lot of Wave 3's! I'd be shocked if we don't fall at least 200 points tomorrow.
I'm really expecting more like 400 points, but I don't want to make hard predictions like that… instead I'll stay that we have extremely high odds of falling off a cliff tomorrow.
You now own me dinner! LOL!
Red, you are now my hero! Thanks for all your help today.