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How are folks planning to trade OTC/penny stocks not in accordance with the new OTC guidelines starting in September?
They will be most likely listed on a grey market and only available to experts, i.e., not us.
September? 3860?
I don't rhink I agree. I think we have more up after this fall decline, which should be at least to 3860. I said when I returned to trading in March that my gut said that we would break even, around 4000 or so by EOY.
I'm probably wrong.
You always said it was your favorite canary in the coal mines...
Yikes, complete chaos! LOL. Where are you going? Can I come?
Get ready to short the SPY soon, September I think.
I was too early, as usual.
BIDU might be a good long at 90 or 87. I think it would double (slowly) to 187 from there, maybe next year? I have gone all the way out to monthly charts to get a feel for when it has bottomed.
I started trading the SPY again recently and remembered almost within two weeks why I stopped trading it. I have gone back to individual vehicles with good beta for day and swing trading.
In my view the SPY/SPX/ES really is for option Geeks and wizards like NN, who have a really good grasp of strangles, straddles, delta, gamma, etc. No offense to anyone here who trades it well who's not an options Geek.
I do think there is a decline on the SPY coming very soon, maybe September (why not do the obvious?) and I would like to take advantage of it.
I believe the following is one of the reasons it hasn't gone down yet:
https://schrts.co/bEMMcJQt
Best of luck to you, Etalors.
~d
Ps: I speet on da' SPY!
I was under the impression only that a down day in a bull market meant more bull to come? Interesting, and now I'm totally confused.
LOL
Because of this:
One of your favorite bell-weathers:
https://stockcharts.com/h-sc/ui?s=%24KOSPI&p=D&yr=0&mn=9&dy=0&id=p38020563036
Did Anyone get in on BIDU when I mentioned it as a good short in late July? If not, I'll stop posting these.
If you're uncomfortable mentioning it on the board, you can always pm me.
I still think it has some downside left on the table.
VIX opex this week too, I believe.
SVXY very muted on Thursday and then a real decline on Friday with the SPY rallying.
I would say might not wait until end of next week (decline) but NYMO still looks too happy with a bottom above bottoms pattern above the 0 line, and gamma still too high for my comfort.
They might do the obvious thing and wait till September, historically bearish. They've been doing the obvious thing lately a lot, after they all have us trained to look under the rug for tricks.
Give some to me.
May I ask what time of the day do you find futures most useful? And do you include the SPX? I know there is a trade that one can make on Fridays vis-a-vix the SPX AM closing and cash settlement, but I haven't really followed it.
Tomorrow is WWW, btw.
I was actually thinking 4370....sigh...
I hate when we're not on the same page.
Where is NN? Anyone know if he is coming back?
You know I think you're right. Looking more for 422, though.
Or 386, lol
Hi Ferda,
I would ordinarily agree with you but there is this end of day options thingie I do which hints at a sell off tomorrow again, and this one might stick.
Yesterday's data indicated the action today would bounce around from 436 to 440. Was off by a point and it doesn't say which comes first.
I was reading on Twitter that the rally was due to large volume ITM calls on SPX, FANG stocks, etc. You can see it clearly if you go look. So, obviously they can do it tomorrow again.
The head press thingie, huh? Did you read about the magnets in the Covid vaccine? They're called magneto-plates and they can pass the brain/blood barrier. I always wanted to stick to my refrigerator, lol.
Yes, it was supposed to be this week (correction, 18 month trough).
Hasn't happened yet.
Da boyz are still buying from the low this morning (SPY),
Heads up.
I have been shorting BIDU back and forth since 225 (posted in real time on Twitter).
Closed complete position today and looking to re-enter. Have Hurst projection to 140 and others down to 120 and 90, if it can be believed.
Glen, I think it's going to be short, sharp, and after the Fed.
Rally mode now.
My secret sauce indicators are indicating down soon as I said.
Mostly bizarre ratio stuff that seems to work (secret sauce indicators).
Yes, Ferda, I thought that was coincidental too (same target).
Best of luck to you.
"We are still here."
Thank God.
Can you pm me your email addy again?
Tia
Hi Glen, Rcks, everyone else.
I had a 3/4 day Hurst projection fulfilled on Friday; a 6/7 day hangs at around 4443. We may hit it next week. I still think some kind of sharp, short correction will happen before 8/7 of this year. ]
Nice to see everyone. Glen, I know I owe you an email, won't forget. Been a very challenging 11 months and trying to catch my breath.
~d
I miss him too.EoM
A belated thank you, SuzieQ.
3/4 day Hurst projection fulfilled on Friday, 6/7 day at around 4433.
This thing is going down soon after that, methinks.
Yes.
I studied with HFTalert.com last year and never looked back. Great trading course and live chat rooms and updates by the master, Steve Hammer.
Thy have two subs after the course, a $199 one and a $585 one (last I checked). If you can afford it, the $585 one should pay for itself in a day.
BIDU following China nicely. Been shorting, closing, rinse repeat, since May.
~d
You can do that on ToS. Do an options chart with an SPX overlaid. I do it all the time.
Is that what you're talking about?
s/t rally, more down to follow maybe as soon as next week.
Hey, eveyone. I think this is a s/t rally and we have more down into August.
Anyone agree?
Today's candlestick formation on the 2 day chart for /ed is called 3 squashed crows.
Lolololo...
NN would have gone for a later date for the hedge and either OTM or deep in the money for the strike.
Anyone know why he picks a deep in the money strike from time to time or ATM? Is he using delta to hedge?
TiA
Trading has been so bizarre last few weeks, it's almost like the big boys are waiting for something. Fed? Who knows.
I just posted I think short term bull shake-out (on the CCI board)
Finally.
Hi everyone,
I thought a decline would happen in the first week of June, a sort of shake out the bulls decline. Unfortunately, I started going to Twitter a lot and became very influenced by the premature bearish sentiment - and I knew it was premature too - and went long a boatload of puts and well, you know the rest.
I really have to work on that, and create some rules. I'm shorting again and still believe we will have a short decline that ends about the 6 to the 9th of June.
There is a lot of strength mid term in the market, new highs in $NYAD, etc., so as I said above I believe it will be a short shake out to scare the bulls.
An Ewaver I highly respect says Wave 5 of 3 will take place any day now. He is very good, so I am doubting my belief that this next wave up will be Wave 5 of 5.
Going to check some recent posts now.
Hi Glen, glad you're still here!
~d