This guy hasn't logged in for a month - his account must have been wiped clean. A lot of bears have been seriously hurt by this run - nobody thought it was going to go this high.
------- WELL ----- took off my puts at 1060. now im thinking and looking at the WEEKLY chart. do we rally to 1104 channel resistance. do we make a double top or does everyone want out below the 1092 20 SMA. seems like we want to back test the channel after FRIDAY action. CITI is going long for a double top. do you feel like this chart is more like the JULY 08 top and then double top OR is this weekly more like the OCT 08 move and 50% retrace. or neither? the FULL STO pattern in the weekly
JAMAZING ... look at the manipulation of the banks books with SPG and GGP. 100% back to the lender. what is going on behind the scenes? 1104 is where to get short again if not now.
This guy is a permaBear. The market or the sky is always falling. No way we are going back to July lows. Look at weekly SPY chart. All this reistance is where bottom fell out in Sept 08, which also corresponds to Sept 09 high. Market is consolidating now for next run up at 110 resistance on SPY. Further resistance at 112 which is 50% of Fib (high to low). When it clears 112 watch it pop to 122 as PermaBears get their shorts set on fire. Retest 112 within 6 weeks of this post.
i too am a permabear and ive studied the weekly chart. im leaning toward your idea that we make it to 1104 or a double top. if we hop over 1089 im more certain.
ive seen the FULL STO in single digits on some equities. now that's oversold. we are far from that on the daily SPX and very far from that on the weekly.
you said be careful being short oversold market. i was. i hedged before the MON TUES bounce. im down to 14 of 20 option positions. BOUGHT $100 PUTS right at the open against MTD. higher dollar and they are doomed in this economy. could MTD decline like X ?
This guy hasn't logged in for a month - his account must have been wiped clean. A lot of bears have been seriously hurt by this run - nobody thought it was going to go this high.
adamantiaf1 1 year ago
nice call on that bottom. I have to see what is said when we actually do go south and.
marcuss1921 1 year ago
this guy is never right. who is giving him money to manage? TA does not work!
zgreg427 2 years ago
ouch, nothing but up since this video. that's gotta hurt. I admire his courage though.
Towny06 2 years ago
watch out for that black ice
UcantBeSerious03 2 years ago
------- WELL ----- took off my puts at 1060. now im thinking and looking at the WEEKLY chart. do we rally to 1104 channel resistance. do we make a double top or does everyone want out below the 1092 20 SMA. seems like we want to back test the channel after FRIDAY action. CITI is going long for a double top. do you feel like this chart is more like the JULY 08 top and then double top OR is this weekly more like the OCT 08 move and 50% retrace. or neither? the FULL STO pattern in the weekly
maximumvalues 2 years ago
JAMAZING ... look at the manipulation of the banks books with SPG and GGP. 100% back to the lender. what is going on behind the scenes? 1104 is where to get short again if not now.
maximumvalues 2 years ago
This guy is a permaBear. The market or the sky is always falling. No way we are going back to July lows. Look at weekly SPY chart. All this reistance is where bottom fell out in Sept 08, which also corresponds to Sept 09 high. Market is consolidating now for next run up at 110 resistance on SPY. Further resistance at 112 which is 50% of Fib (high to low). When it clears 112 watch it pop to 122 as PermaBears get their shorts set on fire. Retest 112 within 6 weeks of this post.
jimfowler49 2 years ago
i too am a permabear and ive studied the weekly chart. im leaning toward your idea that we make it to 1104 or a double top. if we hop over 1089 im more certain.
maximumvalues 2 years ago
ive seen the FULL STO in single digits on some equities. now that's oversold. we are far from that on the daily SPX and very far from that on the weekly.
maximumvalues 2 years ago
1025 - 1035 area ill be out of all of my front month options ... and taking some calls. MTD i may hold longer.
maximumvalues 2 years ago
you said be careful being short oversold market. i was. i hedged before the MON TUES bounce. im down to 14 of 20 option positions. BOUGHT $100 PUTS right at the open against MTD. higher dollar and they are doomed in this economy. could MTD decline like X ?
maximumvalues 2 years ago
yeah, well i was too early again. yes looks like cash is king.
pipercolt1963 2 years ago
that highway has a lot of ice~!
UcantBeSerious03 2 years ago