Makes me think about what Lindsey said though. I’ve decided to mostly short the market when the legatus meeting nears its end, if we don’t start a sell off prior, but that could also be the catalyst that shoots gold to 3,000$ an ounce. Hopefully something will show itself as the date approaches
alright. thanks. i’ll keep an eye on it. still waiting for October. Maybe they chop around like they’ve done the past 8+ weeks or so until then. But I as thinking theyu backtest first, then rally higher before coming down hard. At least that would possibly create some action in this market
Maybe… depends on how fast it rises. If it rises too fast traders will panic as they know that it will affect the economy. But if they rise it slowly they won’t likely sell off the market because of by itself.
I’m going to wait it out and short if we hit 150 spy. Too hard to tell right now. They could sell off right into/before legatus, or maybe they back test soon, to 137, and shoot back up right into the meeting before coming down hard. I’ll be looking mainly for the typical swing they might do to wipe out both bulls and bears before making a huge move
Have a good weekend everyone.
Makes me think about what Lindsey said though. I’ve decided to mostly short the market when the legatus meeting nears its end, if we don’t start a sell off prior, but that could also be the catalyst that shoots gold to 3,000$ an ounce. Hopefully something will show itself as the date approaches
alright. thanks. i’ll keep an eye on it. still waiting for October. Maybe they chop around like they’ve done the past 8+ weeks or so until then. But I as thinking theyu backtest first, then rally higher before coming down hard. At least that would possibly create some action in this market
Maybe… depends on how fast it rises. If it rises too fast traders will panic as they know that it will affect the economy. But if they rise it slowly they won’t likely sell off the market because of by itself.
Yeah, that one I wasn’t too sure on… Wouldn’t the high oil prices generally bring down the market?
Very cool Anthony… glad to see you making money. Next to rally is oil.
silver’s been on a roll though. My 36 Oct call is already up close to 400%
I’m going to wait it out and short if we hit 150 spy. Too hard to tell right now. They could sell off right into/before legatus, or maybe they back test soon, to 137, and shoot back up right into the meeting before coming down hard. I’ll be looking mainly for the typical swing they might do to wipe out both bulls and bears before making a huge move
Permabear… I’m not sure how low the market will go once it rolls over but the FP of 1068 is certainly a target I’ll be looking for.
Dow Jones chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/09/dow-jones-chart-analysis.html