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For sure... but As I tell myself in anything I do... love it or leave it... and I keep showing back up... lol... dem bass-turds...
happy trades...! L8r Spy
Imo Those intraday gap fill paints we saw Friday were a slap in da face to market participants and most of em prob don't even realize it... spy
People like to say the market is forward thinking.. giving credence to the idea that today might be "bad"...but the future will be better... however I think this recent action is showing how bs that statement is... cuz right now all the market is looking at is the right now... not the long term... the long term is that we will see a bigger tax deficit because of this plan... imo... spy
Yup... apparently just when weakness pokes it ugly head... senate adopts a plan that would accelerate tax plan on through... man we can't have a down day one... it's the reason why I asked... spy
Anybody think this time in the market is an orchestrated event...? I'd like to see a count of hands that think yay or nay.....? Would ya...??? Just for fun.?
In fact I remember sitting in on an ole college professors seminar talking about the oil market... he was talking about how he saw unusually high volume in the oil futures market... he said that he noticed an unusually high volume not even seconds after the inventory release... he said in the seminar that he had spoken with his colleagues and they all came to the conclusion that algos have infiltrated the oil future market... which is sad and seems like a travesty... cuz we all pay for the commodity... however we are all now at the mercy of algos trading the oil market... keep our markets free (of algos)... cuz at this point it ain't gonna end well... spy
Yes sir and it is up to us to figure out which market is the least manipulated or leave it to taking a chance with da boys and their games and accepting the manipulated results... there are many markets to play in and unfortunately most are becoming the same as each get more integrated with algos.... sad but true... I am a voice to keep our markets free (of algos) ... everything else is an unfortunate victim of technology... it is what it is and we all... despite choice... are venturing into a new world imo... at what point do charts become a self fulfilling prophecy instead of a system of choice...? Spy
Ehh they prob don't care cuz they are all probably on da moon already... gonna start a new casino... prob with my dog... that F'r... always plotting and planning... but anyways...
In all seriousness... all I can speak of is the charts and no longer basing my predictions on the reality you posted over the weekend... which was a great post... really showed the gravity of the situation we are in... yet when the music stops and how it all works out is beyond me at this point (seems badly)... however spy looks ready for 256... 256.34 to be exact... which is the daily R3... which is above the weekly R3 (255.40)... so to da moon! I guess...? spy
Oh nooooooo......! says Mr. bill.... lol... spy
Saying any different feels like it's against the law... and we can't have that... spy
Lol... I know that last part quite well... spy
Lol.. ha! Exactly But I'm one step ahead you see... I threw rational logic out the window a long time ago... spy ob buy calls... spy overvalued buy calls.... spy global uncertainty well you see where this is heading... spy
Lol... yeah well i thinks it's made to be more then it is... the thing is we all suffer from a little bit of confirmation bias at times... where because it goes up a few days in a row it's gotta come down... but it doesn't have to do anything... best to stick with a proven trend until it changes... which takes time... spy
I usually blame my dog... that's the reason I got rid of him.. dang dog always plotting and planning against me... you know even though I still lose money sometimes... I know he's still to blame... always plotting and planning... spy
Here's the $usdeur chart....
http://stockcharts.com/h-sc/ui?s=%24USDEUR&p=D&b=5&g=0&id=p38276541074
Here's what I'm looking at... and commenting on... i comment on posts that are relevant to my positions... and sometimes not... spy
http://stockcharts.com/h-sc/ui?s=UUP&p=D&b=5&g=0&id=p61619222550
For trading uup I use $usdeur pair... if you look at its chart and the UUP chart they are about as close to 100% identical as you can get... you can also use $usd which is like DXY... spy
lol yup that's it exactly... ha! The ol Dirty dog temptress extraordinaire combo that is spy and da boys... to get a peek at that book man I tell ya... but all I really gots to say is it works until it doesn't... but when that day is who da hell knows... thing is I'm not even looking for an epic "correction"... Ive just been wanting a couple down days in a row... or just down at all lol... that last parts a joke but really though dis market is uncanny ATM imo... we shall see... spy
The daily spy chart shows it's above the mid bb and closed above its 8 day sma... the upper bb is at 256.45 and the daily R3 is @ 256.34... so you can see where that's pointing to... but we shall see... close but no cigar as of this point... gla spy
The weekly spy chart shows price approaching R3 @ 255.40... perhaps a pause is appropriate..? Lol but it's spy they'll prob just gap it over resistance and continue to 260...! lol like whatever... we shall see... spy
Was looking at some slv 16.5 calls for two weeks out yesterday but didn't jump on it dang it... seems probable according to the daily and also the other charts and the data points mentioned... uso 10.5 c may have been a decent grab also.. I haven't traded uso in a long but looked at the chart yesterday and ATM it's above its pivot and the upper bb is 10.59... thought about those yesterday but didn't jump on those either... geez I swear... how can a man make money in his market if you don't try... lol spy
123.82 is the pivot point on the gold daily... a breach of that puts it back into bullish territory... which would then make the next target 126.08... imo spy
Pivot is 24.05 on uup according to the daily... it appears the prior (up) trend is weakening according to adx line... which may be a sign of downward pressure... according to your chart we are around a decent support zone in the dollar and may warrant a bounce but also it has breached its 20 day but closed just above today... so that's also evidence that the uptrend may stay intact here but Imo we will see a bit more down in the short term... gold looks like a bounce and also tlt both at the daily pivot and A/D rising so with all that said it puts downward pressure on the dollar... which puts uup puts in my portfolio... we shall see... just my .02 spy
Vt is near R3 on the daily... perhaps we see a bit of pause... unless of course we don't.... spy
Tlt looks itchy with the lack luster Econ data... spy
Bought vxx oct 13 35.5 p yesterday for .07 now just closed them out for .37 lol... now in uup oct 27 24p... thumbs up seven up... spy
R2 is 255.10 on the 5 min
255.40 is R3 on the 5 min... currently poking above R2... spy
Well you know sustained low inflation is a mystery... lol... rut ro scooby doo spy
Very well may be... would be par for the course... spy
Looking at VT shows that the world seems to be in a happy place... which sets a bullish tone globally... at least that's what da chart looks like... spy
255.05 is R1 on the spy five min... a break above that should warrant 255.22... and a break above that should warrant a 255.49... but as always we shall see... spy
Cool.. thanks...! I am very novice when it comes to crypto and trading them... I'll do some more looking around... if you or anyone here find the inverse BTCUSD pair I'd appreciate a shout out... I figure if you can buy the inverse pair of BTCUSD then you'd effectively short bitcoin... spy
I was looking for a broker to let me buy the USDBTC pair... but I can't find one... :-/ spy
The daily coincides with your position... glty spy
Cuz I'm at work usually when posting on my phone... and at night I typically don't post... except for lately... in fact I have only recently started posting again... but I figure I'll be a little less interactive... spy
Yeah saw that also... only reason I brought up the tlt is cuz it's a decent gauge of fear in the market imo...
If you look at the percentage of spy stocks above the 20 and the 200 sma you could see that they are curving lower... spy gets heavier every time it curves lower... spy
There goes dat TLT... dang it... lol