is...itchy
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Yeah, but the market is like dating a stripper , she'll make you believe until you find out after she leaves you that you got herpes and the clap.... Not that I know anything about such thing :p
I was telling Imi that I got into 197 puts today, a bit early (around spy 197.40), but I think we have a healthy pullback before this biznitch goes higher, 195-196ish.
I bought calls at the close yesterday and that worked out nicely, let's see if I'm correct again for tomorrow, maybe I can send in my UPC codes from the boxes of Lucky Charms I have and I can get my secret decoder trader button!
Imi Alert a little late..
50/50
$200 mil to sell
all the previous imbalances were non events... apparently tis one is too
Check the email I sent you this morning.
Just posted it right before you posted this.. :)
As much as I hate to say it, I have a feeling we break Friday's highs today.. Spy just seems determined to go higher... I think they want to stick to shorts built yesterday afternoon.. Just my observation
This is the boogaboo level for SPY... Is the diaper full or is spy gonna run free?
Gold dropping is causing an updraft in spy it looks...
Oh, I know you didn't change it, that's why I could remember it for when I triggered calls.
Thanks again!
We could gap down, would not surprise me... I can't pick em at the exact bottoms, just position myself as close as possible... I do think we finish the week higher.
I haven't looked at your chart since this morning, but I believe it S2 was the top of your Blue fork if I recall correctly. I will check it out when I get home tonight. I saw a similar count from a buddy of mine. If you are both in synch, a rally to 197 should start tomorrow and carry through the rest of the week.
close to hitting that 5-2, no?
I started to buy some calls out to next week a few mins ago.
$950 mil, its part of the rebalance I mentioned earlier.
Imi Alert
80% to sell
$1.5 Billion to sell, but there is a rebalance is a MSIC rebalance today. So that is factored in.
Edit- Just in case anyone doesn't know, MSIC is a benchmark index... Sorry I left that out.
more weakness... let's see if they clean its clock here or if it's the afternoon flush...
same trend on the 15 and that support is 195.36... will be curious to see if this is a pivot candle...
Down sloping trend line on the 2 min chart from 11:45ish ... if it gets through that with volume, we will test the hod...
Imi Alert
70% to sell
$350 mil to sell
there are 2 large sell orders in BAC and GS
Big sell orders in BAC and GS too
Imi Alert
75% to sell
$400 mil to sell
if spy gets through 196.20 on some volume, then I think we go over 197. I notice when DUST is moving up, the market is moving up.
I bought those a bit late, stopped them out for a 5 cent loss... Got long todays 196 calls at .28
I entered around 11:05, sold @ .61
I think oil goes higher, though not saying today... it will probably be range bound the rest of the day. Just bought a few hundred 196 puts that expire today, thinking we see a retest of 195.50, though I am happy if she stops at 195.75.
green is green bud. Nice trade, or should I say nice trade for us. Great minds, right ;)
bought 400 of those at .40 and flipped em @ .64
No, I married one and she Couldn't Understand Normal Thinking... read the caps
My opinion is based on the 9 lives this market has had for the past few years. All of these dips have been the warnings. When this market drops, it ain't coming back anytime soon. The market has shown it can be irrational and stay in over bought/ over sold for an extended period of time. It will happen to the downside and it will be as ugly as the girl I picked up at 3 am in the bar back on 1994 after a lot of tequila... man, her face still haunts me, but she had a body that would make a bishop kick in a stained glass window... glad I turned the lights off that night....
I completely agree, the next shift down is going to be fast and violent.. I am of the opinion it will stay in oversold for a very long period of time.
Oh, I agree...
I want SPY over 200, I am going to short the pee pee out of this market. Go out to May/June, easy money.
Hmmm, I wonder who called that on?? LOL
I am not looking for credit, the market is just doing what I expected.
Yes, high 30's
If oil gets through 35 on volume, high 30's are coming.
Final Imi Alert
$250 mil to buy
Strong market on close
Imi Alert #3
55% to sell
$150 mil to sell
Yup, I wonder if it will stay to the sell side..
Imi Alert #2
75% to sell
$150 mil to sell
Imi Alert #1
70% to buy
$150 mil to buy
Spy between 40 and 60 on the 15 min RSI... thinking they will crank it higher and max it out at some point today.