Is it that one about the decay? I totally know they are lousy instruments but I don't want to dig into margin and I don't want to try to pick stocks. So be it.
I hope it works out too, because I'm long the USO. I would go long the SPY, but it's just too risky. Oil isn't as highly manipulated and should move up to about 38 by Friday.
Well, their sheep this time because the bulls aren't going to be jumping over a cliff until February 8th-9th comes… then the fun begins! Mmmmm…. steak, its' what's for dinner!
outside the box , your right,with this no volume run-up? Monday has been MF Monday,what happens when it doesn't show-up?. will there be a bounce with volume and a 9-1 day ? 1100 -1120 or 1150 ,on a failed moved and the shorts wait for the bounce? Just watching gas for now. Gas leads oil and oil will be a tell on the market,My take and I could be wrong Good luck all
Interesting chart Apple Al… Still though, I don't see us continuing down next week without a counter rally back up first. I think a dip down Monday to 106.75, and then a rally up the rest of the week is what's going to happen.
If we don't get the dip down, then just a rally all of next week. The following week is when I expect the huge 100+ point sell off to start. I'll be going 100% short on next Friday, as I expect that to be the high of the week.
Then Monday the 8th or Tuesday the 9th, the real selling will begin. If there is ever a chance for a Black Monday… it's on the 8th of February!
I'll be looking for some bad news (or event) to come on that weekend. Not sure what it will be, but it will be blamed for the sell off.
Hey Red nice analysis. Want to show you an indicator based on a formula I worked out. Indicator uses NYSE statistics, it develops a reading of buying pressure (green line) and selling pressure (red line): http://screencast.com/t/YjczYWNjMjUt As you can see, selling pressure was mounting Friday, so no indication of bottom of W1 yet, at least not in this measurement. BTW, what do you think of the indicator?
Is it that one about the decay? I totally know they are lousy instruments but I don't want to dig into margin and I don't want to try to pick stocks. So be it.
Thanks G…
I hope it works out too, because I'm long the USO. I would go long the SPY, but it's just too risky. Oil isn't as highly manipulated and should move up to about 38 by Friday.
We'll see…
Red, Enjoyed your post and all the comments below. Some nice feedback. I hope your scenario of a bounce this week plays out.
Hi Monica, Sending you an email about 3x etf's.
Well, their sheep this time because the bulls aren't going to be jumping over a cliff until February 8th-9th comes… then the fun begins! Mmmmm…. steak, its' what's for dinner!
outside the box , your right,with this no volume run-up?
Monday has been MF Monday,what happens when it doesn't show-up?. will there be a bounce with volume and a 9-1 day ?
1100 -1120 or 1150 ,on a failed moved and the shorts wait for the bounce?
Just watching gas for now. Gas leads oil and oil will be a tell on the market,My take and I could be wrong
Good luck all
your sheep should be bulls
Looks cool, do you want to divulge the thinkscript? Or do you plan on selling it?
Interesting chart Apple Al… Still though, I don't see us continuing down next week without a counter rally back up first. I think a dip down Monday to 106.75, and then a rally up the rest of the week is what's going to happen.
If we don't get the dip down, then just a rally all of next week. The following week is when I expect the huge 100+ point sell off to start. I'll be going 100% short on next Friday, as I expect that to be the high of the week.
Then Monday the 8th or Tuesday the 9th, the real selling will begin. If there is ever a chance for a Black Monday… it's on the 8th of February!
I'll be looking for some bad news (or event) to come on that weekend. Not sure what it will be, but it will be blamed for the sell off.
Hey Red nice analysis.
Want to show you an indicator based on a formula I worked out. Indicator uses NYSE statistics, it develops a reading of buying pressure (green line) and selling pressure (red line):
http://screencast.com/t/YjczYWNjMjUt
As you can see, selling pressure was mounting Friday, so no indication of bottom of W1 yet, at least not in this measurement.
BTW, what do you think of the indicator?