correcting the JULy8th to oct20 from 870 to 1101 = 230 pts posted various levels at the blog spx likes to make 40pt moves and i have been using that as a rule of thumb measure even the last runup was 81 pts 230 X 38% = 88 pts = spx to 1013, but we should get more than that. the previous degree correction was 86 pts at 870 spx on Aug17. so this one should be larger, i would think. Jay
So far so good… I mean my computer virus of course. I think I fixed it. So, we can continue what we started last night, only with you seeing what's on my screen. Text me if you want to chat tonight.
By the way, I was also looking a gold to break out… either up or down, but it had to break one way or the other. When I made the post on your site I seen you went short on gold. I followed you on that one (I was looking at it anyway).
I got the 103 puts on gld for 2.35 each. Not as good as what you got them for I'm sure, but I expect some decent retracement down on gold.
So far so good… I mean my computer virus of course. I think I fixed it. So, we can continue what we started last night, only with you seeing what's on my screen. Text me if you want to chat tonight.
By the way, I was also looking a gold to break out… either up or down, but it had to break one way or the other. When I made the post on your site I seen you went short on gold. I followed you on that one (I was looking at it anyway).
I got the 103 puts on gld for 2.35 each. Not as good as what you got them for I'm sure, but I expect some decent retracement down on gold.
Yeah ropey… I agree. It just doesn't seem right yet. I mean the “big correction” of course. We bears have been beaten up so many times that we'll probably miss the big down move anyway.
I feel like the fly in a jar. I've been banging my head on the roof since the March low (going short), and when they finally take the lid off the jar (start the down trend) I wont believe it. I'll probably still be in the jar (sitting on the sidelines in cash) while escape (shorting the market) is just above my head.
correcting the JULy8th to oct20 from 870 to 1101 = 230 pts
posted various levels at the blog
spx likes to make 40pt moves and i have been using that as a rule of thumb measure
even the last runup was 81 pts
230 X 38% = 88 pts = spx to 1013, but we should get more than that.
the previous degree correction was 86 pts at 870 spx on Aug17.
so this one should be larger, i would think.
Jay
Hey Tim… Anna has an excellent post on how to play BIDU. You can read it at http://www.hotoptionbabe.com.
Any news on BIDU A/H
So far so good… I mean my computer virus of course. I think I fixed it. So, we can continue what we started last night, only with you seeing what's on my screen. Text me if you want to chat tonight.
By the way, I was also looking a gold to break out… either up or down, but it had to break one way or the other. When I made the post on your site I seen you went short on gold. I followed you on that one (I was looking at it anyway).
I got the 103 puts on gld for 2.35 each. Not as good as what you got them for I'm sure, but I expect some decent retracement down on gold.
Red
Hey Tim… Anna has an excellent post on how to play BIDU. You can read it at http://www.hotoptionbabe.com.
Any news on BIDU A/H
So far so good… I mean my computer virus of course. I think I fixed it. So, we can continue what we started last night, only with you seeing what's on my screen. Text me if you want to chat tonight.
By the way, I was also looking a gold to break out… either up or down, but it had to break one way or the other. When I made the post on your site I seen you went short on gold. I followed you on that one (I was looking at it anyway).
I got the 103 puts on gld for 2.35 each. Not as good as what you got them for I'm sure, but I expect some decent retracement down on gold.
Red
Hey Red, thanks so much for the support and chat last night. BTW I need to speak with you when you get a chance LOL
Yeah ropey… I agree. It just doesn't seem right yet. I mean the “big correction” of course. We bears have been beaten up so many times that we'll probably miss the big down move anyway.
I feel like the fly in a jar. I've been banging my head on the roof since the March low (going short), and when they finally take the lid off the jar (start the down trend) I wont believe it. I'll probably still be in the jar (sitting on the sidelines in cash) while escape (shorting the market) is just above my head.
Red
Looking for a final push into eom – it's end of fiscal year and a huge fed auction on 29th….
watching closely..