Nope… Only that's it's going to be HUGE! I'll close my put spread on the hit of the 200dma, and then wait for a small bounce. Then, I'll probably buy straight February puts, that are “in the money” by at least 2 point (spy).
That way I'm protected if it starts to rally against me before OPX on February the 19th. Understand that what I'm doing is not for everyone. It's high risk… but HUGE Reward. Short term puts can go against you, if you're not right on top of the market.
But, all the indicators are pointing down, along will other reasons that I can't discuss here. You could lose it all if I'm wrong, or make 10 times your money if I'm right. I'm betting my farm on it… but, it's up to you what risk you want to take?
yup,,been short for awhile…and agree we are in for a huge drop,, 1 of 3 was some 60 s&p points,, which makes 3 of 3 to be about 100 points,, just was curious about what that little birdie was chirpin about. any hints about what you were told?
Look at the Monthly, Weekly and Daily charts. ALL pointing down now! We have awoken the bear, and he is hungry. Don't get caught long in this market. It will fool you!
I don't know if this is P3 or not SC? We could rally to 1200-1300 in the summer months… I don't know? But, I do know that the Monthly, Weekly, and Daily charts are ALL rolling over and pointing down now.
This is not the time to be bullish… that time is over for now. We have about 2 months of the bear ahead of us now. Any longs are for short term bounces only. I wish you luck my friend, but I'm staying short.
It's still on for next week. I'm looking for 1020 area first as that area is where the 200dma is, and we should bounce for a day or two?
Then, I believe we will fall though it like a knife cutting hot butter. Don't be fooled by anything the media says. We are going down… to where, I don't know yet.
If you're not short already, you should have a chance to get short Monday morning. The highest I can see us reaching is the 1080 area. If we rise in the morning as I expect, then by 11am-noon EST, I believe we'll see the high. It might be pushed to Tuesday, but if you get the chance to get short anywhere between 1070-1080… you'd better take it.
I'm telling you… we're sinking! First stop… the 200dma around 1020, next stop… the Twilight Zone?
you mentioned about a week ago that you had heard from a reliable source that early next week was being targeted for a big selloff,, can you tease us with that again?
Market reverses when the selling is done. It seems that all the reluctant, gunshy, burned manytimes bears finally threw in the towel this Friday. The fear of missing the PeeThree became too unbearable, not to mention the dreaded Black Monday. It is very likely that 1040 is the short term bottom. Data indicates that Nasdaq and foreignstocks will lead a rally, first to 1100, then to 1150. Pee Three will have to wait till Summer. 🙂
One step at a time. If and when the rally materializes, any decent trendfollowing indicators will pick it up. It isn't that people fail to pick up and follow a trend. It is their bias that causes them to dismiss a new trend. 🙂 Dont get married to your Pee Three. lol
That's exactly what they want you to think… that the bull is back. Don't believe it! All indicators are pointing down. This is headed to the low 900's within the next couple of months.
Nope… Only that's it's going to be HUGE! I'll close my put spread on the hit of the 200dma, and then wait for a small bounce. Then, I'll probably buy straight February puts, that are “in the money” by at least 2 point (spy).
That way I'm protected if it starts to rally against me before OPX on February the 19th. Understand that what I'm doing is not for everyone. It's high risk… but HUGE Reward. Short term puts can go against you, if you're not right on top of the market.
But, all the indicators are pointing down, along will other reasons that I can't discuss here. You could lose it all if I'm wrong, or make 10 times your money if I'm right. I'm betting my farm on it… but, it's up to you what risk you want to take?
You are very correct…and the dollar shows no signs of
stopping til at least 81.50 or so ….
yup,,been short for awhile…and agree we are in for a huge drop,, 1 of 3 was some 60 s&p points,, which makes 3 of 3 to be about 100 points,, just was curious about what that little birdie was chirpin about. any hints about what you were told?
Wendy,
Look at the Monthly, Weekly and Daily charts. ALL pointing down now! We have awoken the bear, and he is hungry. Don't get caught long in this market. It will fool you!
I don't know if this is P3 or not SC? We could rally to 1200-1300 in the summer months… I don't know? But, I do know that the Monthly, Weekly, and Daily charts are ALL rolling over and pointing down now.
This is not the time to be bullish… that time is over for now. We have about 2 months of the bear ahead of us now. Any longs are for short term bounces only. I wish you luck my friend, but I'm staying short.
It's still on for next week. I'm looking for 1020 area first as that area is where the 200dma is, and we should bounce for a day or two?
Then, I believe we will fall though it like a knife cutting hot butter. Don't be fooled by anything the media says. We are going down… to where, I don't know yet.
If you're not short already, you should have a chance to get short Monday morning. The highest I can see us reaching is the 1080 area. If we rise in the morning as I expect, then by 11am-noon EST, I believe we'll see the high. It might be pushed to Tuesday, but if you get the chance to get short anywhere between 1070-1080… you'd better take it.
I'm telling you… we're sinking! First stop… the 200dma around 1020, next stop… the Twilight Zone?
you mentioned about a week ago that you had heard from a reliable source that early next week was being targeted for a big selloff,, can you tease us with that again?
Market reverses when the selling is done. It seems that all the reluctant, gunshy, burned manytimes bears finally threw in the towel this Friday. The fear of missing the PeeThree became too unbearable, not to mention the dreaded Black Monday. It is very likely that 1040 is the short term bottom. Data indicates that Nasdaq and foreignstocks will lead a rally, first to 1100, then to 1150. Pee Three will have to wait till Summer. 🙂
One step at a time. If and when the rally materializes, any decent trendfollowing indicators will pick it up. It isn't that people fail to pick up and follow a trend. It is their bias that causes them to dismiss a new trend. 🙂 Dont get married to your Pee Three. lol
Low 900s yes, but probably need to wait until summer. my oppinion.
That's exactly what they want you to think… that the bull is back. Don't believe it! All indicators are pointing down. This is headed to the low 900's within the next couple of months.