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over 40 on crude and over 3000 on china
Well everything is way over sold so the bounce today was justified it's just how the bounce happened that makes it bullish. I would've expected the bounce to be early and then a selloff toward the end of day but that didn't happen and that is a sign that people are not as concerned about tomorrow's open
its because its a 3X bear and under normal circumstances would decline 90-95% a year. so its natural line right now is around 50 or below. its 3 times that so the put premiums are jacked. it could drop $40 in 2 days easy if china rallied 2 days in a row. its similar to uvxy except china.
i sure hope so. a 20% drop in yang would not be unheard of in 1 day. 20% would be 96-97 range. i sure would appreciate that. my 95p would be worth $15 probably.
i seen that from october. did u also see on the weekly chart a couple averages hit the 200 sma on that double bottom as well? this is why i think we break higher but who knows in this crazy market. nothing makes sense, there was honestly no reason to run into close today...why would they do that. nothing has really changed imo.
it broke a trendline today and it postioned all indicators for at least 1 more good up day imo. plus cnbc is starting to turn positive...lol. that means the mm's must have started a long position today.
That was a big move to the up side and no sell off into close. We haven't seen that in quite some time.
I took some binaries today at 16% on S&P Futures 1993 strike for the end of week. I hope to see a continuation tomorrow. I also picked up some YANG 95P today and I still hold AMGN 162.5C pending news from the FDA this week on a drug approval.
lol i did the exact same thin yesterday. i moved 50% back in.
does the dropping of gold mean that the market is slowly being reaccumulated?
unreal and they still closed negative. i think yang is about to be a big play.
thx. back to bed for my last 15 minute power nap
yesterday the real tanking started at about 3-3:15. so i am thinking the 15 min macd histo should let us know. however everything started topping early on in the day but the histo held high for almost 2 hours longer before finally giving in.
if u get a couple on ur radar post please because right now i just have aapl but i would like to see it at least near that 107 fib before shorting it into close.
honestly this should be a repeat of yesterday on a smaller scale. nothing has really changed.
please tell me that this did not rally the asian stock market.
China investor's wild idea: Meet the Lord of Stocks
http://www.cnbc.com/id/102946997
looks like tomorrow could be a flat open. that will suck the iv right out of everything.
101.81 is ur 23.6 and 117 is ur 61.8? i have used the fib retracement but never used the fan. i just need ur 0 and 100% to draw the fib on my charts. i got a fib drawn now on my chart 100% is at 132.97 and 0 at 92. 23.6 at 101.82, 107.87 is 38.2, 112.94 is 50, and 117.50 area for 61.8. i also have support/resistance lines at 106 area, 109.50 area, 112, 114, 116, and 120 area. are u seeing it is following the fib lines are support/resistance lines more? i assume ur using the macd histo on the 15 minute and then finding an entry near a resistance or support trend?
on the daily? thats insane!
where is ur top and bottom on ur fibs? i will check the charts
hey nolerman. if the market opens red are u considering aapl calls tomorrow? technicals almost seem out the window for now.
puts or calls?
wtf? this is ridiculous.
i meant elevated Implied volatility
well if we gap down i will be loading aapl calls assuming the premium is not extremely jacked.
are u looking at weeklies? the Elecated iv right now is killer!
i would like to see another red open and then rally to green. rarely do trades go my way.
it felt like we closed green today after the open and was still down -600 on djia
i hope so. :) only because i hold puts...but usually when i hold puts the market goes up and when i hold calls it goes down
same here...thats why i held puts through close and sold my calls. i hope we are right.
lol i know. it really aggravating all that crap happened soquickly there was no chance for entry in to anything
Remember one thing 12 o'clock central time is always a strange trading session for about one hour
im not sure what one would want to see though. i think maybe the close will be our answer
i think there is no way of knowing. market is moving so much.
if uwere holding qqq 95P and pcln 1275c and lnkd 185C would u think holding everything would be a wise choice since there is so much volatility here?
well spy hit 182 today thats pretty huge drop
whats ur opinion? do u think this is just a relief bounce or is this an october parabolic move?
in 2008 there was no relief in the 2nd week of the major selloff. just be cautious is all im saying
im still not sure 157 on spy is possible
whats the number vish?