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OT: Testing positive does not mean death. This is the most ridiculous thing I've ever seen in my life.
This is gov't owned/influenced media created hysteria. Almost EVERYONE tests positive for Epstein Barr (similar to mononucleosis and is connected to fibromyalgia today) and cytomegalovirus (can cause hepatitis and eventual death) and hardly anyone gets ill from testing positive.
People have the legal right to quarantine themselves if they want, or not if they want. It is our constitutional right of liberty.
What's the difference between someone dying of Covid and ten someones dying of starvation because they can't feed his family or themselves because of total lock down?
https://www.fitsnews.com/2020/06/29/ron-paul-media-is-lying-about-second-wave-of-coronavirus/
https://www.ocregister.com/2020/05/12/coronavirus-fears-used-to-justify-unjustified-overreach-ron-paul/
I have said this before and I will again, this is not about a frightening illness, this is about a controlled wealth transfer that has been planned since the creation of the United Nations, and the goal is ultimate total control of the population of the world by those at the top.
Read Tyler Durden and 'Agenda 21 with a Warm Fuzzy Feeling.'
No, I didn't. Why do you do that? Curious. I have photography in my background and the custom while editing was to turn a photograph upside down to get a better sense of the movement and balance of light and dark.
~d
Good time to set up a month and a half out straddle or strangle. Theta shouldn't be too much of an issue once it starts. I'm thinking the last week of July, so far.
Could be sooner, though.
~d
It tracks pretty much anything, but has greater accuracy for the major indices. I drill down from 8 hour charts for a CIT, and I try to remember it's leading.
You'll know it when it happens. The move has a lot of momentum and can be preceded by an equally strong move in the other direction (for weekly and up).
GLTY
~d
Yep, that's moi. Boobs of jello.EoM
Maybe if you tried turning the computer upside down...?
Not really. Resting a lot. Thanks for asking, Glen. Hope you and your family are ok.
~d
A post from another board vis-a-vis an indicator I developed. I call it The Next Big Thing.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156658887
My 'Big Thing' Indicator is again signaling a huge move coming on the daily, weekly and also the monthly.
Last time it displayed signals this strong on the weekly was in early February of 2020, 10/28/19 and 9/24/18. It is leading and on the weekly and monthly it can lead by even a a week to two weeks. Also on the weekly price can trend and then reverse direction in a big way (e.g., make a big move up, then down or vice verse) and it doesn't indicate direction. I use other indicators for that.
I very rarely see signals like this on the monthly (last one was the 11th of November of 2018) and this is the highest I've ever seen it on same.
Something big is about to happen and I'm actually wondering if it's going to be up.
Remember, it's leading.
Good job. I got stopped out at 11.18 on that reverse rug pull. They did that last week too t'other way.
~d
OT: I simply don't know what to do with this child. I put him on Ritalin like the doctor recommended and if anything, it's made him even more boisterous.
Maybe it will get better when he turns 9 next year.
The higher and stronger the market stays up, the more I am doubting even more than a mild correction to the 10th or 17th of July, particularly if we keep grinding up to July 4th. Many of my indicators are starting to roll over and indicate long.
Still have a gut feeling that at the very least we may have some kind of flash crash in July, but I am also starting to hedge longs into August.
One of the better charts actually is CMG. However, it's at long term resistance and earnings coming up.
Max pain was between 310 and 311 today. Surprise, surprise. Ran a stop run on the shorts after 2:30 then pulled the rug.
ghost print to 311.65.~d
I pm'd a trading buddy that the best way they could throw a monkey wrench into the system right now was to take the market down before July 4th weekend, not up.
Could still happen - I didn't expect this 'uppage' first.
Hurst s/t projections to 320 and 324 (!!!) and has to happen by Tuesday. Outstanding l/t projections still to 296 and 285.
One more at 318 or so. My indicators closed neutral today. Pre holiday indicator crap (sorry to use that word, but it's true).
I am continuing to accumulate puts for July tenth (not monthly) expiration. Less theta burn and I can always roll.
~d
Tomorrow looks tricky: I have neutral to bearish tomorrow, a tad more bearish than neutral.
Will be looking to short from the open if SPY gaps up.
Read the mostly bearish posts yesterday and I actually have a projection to 307.
Happy trading, all.
~d
North, do you have a sell signal yet?
Tia
(Edited) I think it will happen by the 17th, but not sure. I will roll mine out if I'm still convinced of a decline.
~d
Institutions steadily decreasing exposure to SPX on COT charts since May.~d
Seven back to back Hindenburgs on the NYSE, and 3 on the Naz last week.
Hurst projection in place for SPY 285 for July nested trough. Lower projections will come in once/if 296 is met. I also have a vst projection up to 308 and must be met by the end of this week.
In addition, McClellan's 10 day $SPX to $VIX correlation is rearing it's head again on the daily.
~d
Hi Glen, thanks. Could go either way tomorrow. They have to consider triple witching so may let it down again to run it up for that and maybe 4th of July.
In addition to not feeling well, my landline, cell phone AND my internet will be down till Monday because Windstream won’t send some one out till then.
Closed everything and flat. Have a wonderful weekend.
They have to keep it up for triple witching somehow. And right after that is July 4th.
I'd say after July fourth.
~d
OT: Hey Professor Robbin!
I set up an account with $250 in it after I talked about credit spreads and I already have $325 in it. I would have had more but I ran and bought back the short put spread at a loss when I saw that close. Which I later saw I didn't have to do. Oh well.
I use /es credit spreads because you can close the option at any time if there is news that might adversely affect it after the bell. In addition, I am willing to use the whole amount in the account just to make $15 if I have to. I have also sold a spread for $60 ($120 handles. Or is it points? I always forget) for a spread. I will mostly sell on the day before expiration day to get a good price for these way out of the money option spreads (but avoid whipsawing by selling the spread too early, as in two days before). Selling the day before also benefits from fast theta burn on expiration day. The exception is Fridays. I never sell a credit spread on Friday for Monday. I don't carry over the weekend.
With the /es that's three times a week, selling credit spreads at the top/bottom of resistance or support using my (or your) indicators. As the account grows I'll be able to sell more contracts and it will grow faster. You have to be willing to make only a couple of dollars against a large investment, which is what the trading gurus always recommend never to do.
I do tweak the spreads if I am sure the trend is going to go against the spread (in a good way); e.g., sell a short credit spread that I placed the day before expiration for .05 on expiration day and get more money for a higher one (but still safe!)
Think about it.
Good Lord, gotta' get back to bed.
Later and good luck to you.
~d
Ahhhh...thank you, Sean. So this could go either way tomorrow.
Out and watching. Well, I'm not really watching, I'm painting my nails, but you know what I mean. So silly today. Must be delirium from the fever and the cough... oh, no, it's faux-
-coronavirus!
:(
Links? Tia. EoM
Waaah! I didn't like the close.
LOL.
Where's that yellow line and blue line at for price, please?
~d
Having said that, I was not crazy about the close. A lot of those call buyers closed, more than I would have liked.
~d
312 is my unrealistic target by Friday afternoon.~d eom
Ta da!
lololo...
And I bought it too, biker boy, well, 310 @ .36, then just gave it up for a loss...what does NN say? A disposable pawn.
I
I can't believe I fell for that.~d eom
They twicked us! Back in at 304.50.~d eom
Out at 304 from 301, no follow through.~d eom
I have a target of 306.50, then if it projects past that, 310 but anything over 306.50 will have tight trailing stops.
~d
Seems to be so far. Edit: Actually, these sideways periods build up a lot of fuel/compression for a nice move, either way.
I know I'm preaching to the choir here, don't mind me.
~d
Yes, Dave Breslaw from Technicalwatch.com also said the same thing. It's the amount of space between the dots that are important is what I thought. Anything else?
I don't know why I'm so short term bullish, but I am. Probably either too early or just plain wrong. Got in this morning at around 302 or 301, I forget, lol.
Sitting on the dock of the bay...watching the theta burn away...
~d
Long since 301 or so (calls). Rally mentioned in posts yesterday evening about to ensue (in my opinion(.Target of 310/312 for this week but will probably exit before.
I have seen this before, and if my theory is correct they took market down so they could raise it for triple witching and July 4th.
~d