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190.50 seems to be the magnet today, reacting strong on both side of it, 189.3 area will be the trap door I think, this is so wild that you have to allow a five point range on either side of the pivot LOL. this is crazy, but profitable, and I am done for the day made my profit target and am going to keep it.
should find some support at 189.30 area
190.50 bottom of the range for now, going up to test 191.40 and see if the sellers are still there, if they are done 192 should be the top and a good sell point for a quick pull back at least.
im not sure what to think yet, we might see a big bounce tomorrow since it tested support again, but it may fail also. I am only trading what is in front of me and trying hard not to be biased!!!
absolutely!!! you are kicking butt
todays action shows incredible weakness imo, how do they not hold a $6.00 head start???? small green open will be sold again tomorrow, question is how far down will it go? 187.50 is strong support right now just like 204.50 was. market still overvalued, without the zero rate policy, way overvalued.
not too sure about that, if this is all rate hike selling it means the easy money party is over and this is selling to de leverage, the economy is not strong enough to push this market on its own merits imo so the buy backs on zero percent money may come to a halt. if the fed does nothing its party on again
I like that, see you at the pole, my wife is an elementary school teacher, the teachers get together in the cafeteria before school for devotions, my nephew lead a prayer group before school when he was in high school, it needs to be there!!!! Praise The Lord Always!!!
yep I didn't hold any puts over night, wish I had LOL. but I would never have held all day long either, but it is fun to do the what ifs!!!! I bought 202.50 puts before the closing dump yesterday and had a double that I was excited about until I looked at the value of them at the open today and thought if I would have just held!!!
I have gotten so used to scalping that I just sat and watched most of the action today, took my profit early and took a couple shots at calls but not even good scalps on those, envy people that actually have stones enough to hold for these big moves. good week just the same but I always wish I could have done like imiloa and landed a big one LOL
fantastic, way to go bud!!!!
not a good thing right now LOL
market is tired after the uphill sprint!
stair step melt up day? bull flag after bull flag pattern, also a cup and handle fulfilled, if it continues we might get to 209.85. on the other side I still see a rising wedge in here that could drop hard LOL, very conflicted at the moment, sitting on a few puts still but not adding in here. oil is getting crushed, will it have impact on traders? we will know soon
208.60 needs to hold here as the bottom of the current bull flag on the five. if not 208.35 again imo. if it holds and the open line gives way we should test 209 easily
bears fumbled bulls running with it now, just about time for me to buy some puts, trying very hard to be patient today. 208.73 open line is strong today. they just cant seem to make up their mind
208.35 like a magnet 10 cent range on either side of it.
207.75 target for me!
apple is headed to the low 100s imo, suckers rally right now, this market is too over valued and in need of a correction imo of course.
kaboom, they are burning shorts once again.
evidently the damage is done and contained, the Chinese stepped in and propped up the yuan after the Chinese session so I guess everything is ok now. worst day this year for eu markets. 207.50 should be resistance imo. but maybe this has been the bottom who knows, I think more down is coming
ok, I am out talk to you all later
thanks bud you are too kind!!
how do you get that number, I show 207.58 200sma??
I usually try to layer out but I put my sell in last night at what I thought was ridiculous and it filled early so I am good, a weeks worth of profit over night suits me fine. if I had a beach I would go LOL.
Good job!!! you just have to take that when its there, like the lottery lol, this is a tough market to make real money all at one time, I have been scalping so much the last few years its nice to get a big one.
high flyers that were doing most of the heavy lifting are coming back to earth, very reminiscent of other bubble times.
thanks bud, its nice to be lucky once in a while!!!!
thanks, probably should have held but too much profit to let it slip away.
exactly right thank the Lord, I was very conflicted at the close yesterday but decided to hold my puts just in case this gets real. I don't know if this is all attributable to the Chinese? some is just necessary reaction to the earnings season imo, the valuation in here is not justified imo
205.50 then 204.50 for me, if we close today below the 200 this might accelerate. vix is only at 15.50 and could go much higher if the panic selling starts.
out of all my 207 puts now, PBOC has been good for me LOL, probably done for today, held a small pile of these from yesterday
agreed! hoping tomorrow isn't a sideways yawner.
exactly for me, the triangle is holding strong. so many attempts to break down have been picked up, one of these times it is going to fall I think
one thing I see on the fifteen today was eod run was a rising wedge shape so maybe it falls from there tomorrow, I just cant get a good handle on what to expect tomorrow as I can see both ways.
not sure we get more down, possible for sure, might be a one day event. might see a gap and go tomorrow also. straight up channel eod doesn't look bearish to me, looks like the damage is over and resuming the up but you never know from day to day with this market.
looking like it, they ran a few stops to make sure nobody makes too much off of them, now back to the dump imo
trying to break above the 20sma on the fifteen, could get legs here I may be on the wrong side of the 3:15 buy program
I added puts there at 208.40 looking for more down, I see more distribution than accumulation here