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Very sober statement. Good luck to you.~d eom
Yes, but it's a couple of years away, so don't get too excited about shorting yet, lol.
I’m not sure how the secular bear market will begin. If I were an expert Ewaver, which I’m not, I would probably put in a few x’s and w’s around there. There will be a cascade of course, more like several, but not at the beginning. At least, that’s where I am for now and it could change.
I am leaning towards flatlining by end of year, but people I respect are calling for 2200 by December.
I also think that by January 2023 we will meet 2200 or even 1800. The biggest cascade and last, will end at 250, but that’s a ways off.
Best regards.
OT: Thanks for all who consoled me on the loss of my cat of 14 years, Tukki. It is so strange how these little furry things crawl into the center of your heart. Just a cat they say, lol.
I wish there was a world out there where everything, everyone, was happy all the time and no one ever died.
Including all of you.
Oh well.
Good call, eom~d
Wave 5 starting June 7th or thereabouts. Last hurrah, have fun.~d
Yes, I thought it was funny. No, I didn't make any money from those rec's. Maybe next time? I was too sad from all those deaths in my life. People and pets were dropping around me every time I looked. Didn't trade for a long time.
I hope you made a million dollars, though!!!
:)
Oh, poopoohiney.~eom
Well, one can always open up a lemonade stand.
I actually went long BIDU today for a one or two day trade.
Best regards and nice to see you again.
~d
Where is Netneutral? ~eom
Wow. Maybe as soon as today.
July projection is actually 90 on one study, and sub-zero on another, lol.
~d
Just covered all my bidu shorts and will wait for re-entry.~eom
Big correction coming with rallies to infuriate bears and bulls alike.
Should end in mid July or so and will be great buying opp.
BIDU reached my projection posted a month ago on Twitter of 186, and exceeded it. New ones on board and will be posted later.
Haha, made ya' look...
LOL, the guy that started Voyager looks like he's 14 and VERy serious (Meet the team). I can't stop cracking up from his photo.
Probably a billionaire.
I supposed you used them? Will check it out now. Even for anti-money laundering, I just don't know why I don't have to give TdAmeritrade a photo of my license but I do these fly by night apps.
Ty, Jim and thanks for the heads up and confirmation on my sell signal (my stuff flies when everything else is finished...)
~d
BIDU close to May 186 projection. You look very cute. eom
Thanks, you two. Abra has good reviews, think I'll just bite the bullet...sigh...
OT: Can anyone tell me why the h--k these bitcoin apps all want a photo of my driver's license? I can't even find one who has a desktop platform and leave me a little privacy. So far I've tried Robinhood, Abra and one other.
Anyone know of one? Platform plus no copy of driver's license. Phone number would be nice too. I'll pay the extra fees.
I swear, all my conspiracy theory bells are ringing like crazy right now.
I'd love a private massage too, please.eom
'BIG MONEY' only wants this a little longer, a year or two. Once they take away our guns they'll most likely let the market collapse. No civil unrest to worry about.
My next door neighbor keeps buying shotguns and they keep 'getting stolen', poor thing.
BIDU: Started accumulating puts about 10 days ago.
Looking for 186 retest for now, but could go further, or less than, in May. I am thinking 140 in July, or even lower.
Posted more TA on Twitter, mostly Hurst.
So, are you bullish or bearish? I am thinking you're a tad bearish here.
LOL.~eom
What is interesting is that I just now checked last February and it was the SPX actually that led down. But the RUT did hold a bottom before the SPX.
~d
RUT tends to lead down moves and also rallies.~d eom
Hi Ferda! I think it's supposed to go opposite on WWW, not the same. LOL.
Thank you, TT. I hop all is well with you.
Where do you have us in the market right now, if you don't mind me asking?
TiA
Hi everyone.
Been awhile, hope everyone's been ok.
~D
Me too, but only initial position, as I think a little more unwinding may be underway this week.
Not hedged, though.
I said last year privately to a friend that I thought we'd see new highs in 2021 at around 4000, then a nice big trading range after that to end up mostly horizontal by end of year.
Well, maybe slightly up.
If this happens it would go against all first year presidential cycles.
Although not quite cooked yet. Emphasis on 'initial'. eom
Hi everyone. Hope everyone has been well last couple of months.
DPZ looks like a good potential short here, for an initial position.
This is the biggest fraud and wealth transfer in the history of mankind.
Re: 10D correlation (SPX/VIX) the weekly is as high as it can be. The daily has lost some energy on the last move and still needs to refuel.
Could be a couple of days of up from here, or sideways.
Schneidke and Wish, terrific posts, terrific analysis.Thank you.~d eom
Tom McClellan's 10 day correlation between the VIX and the SPX is great for displaying a potential big move, in addition to options analysis.
Just jump on the bandwagon either way and be prepared for the first move to possibly be a head fake. I.e., let go of the option that hedges the other option when the trend reveals iself.
~d
Hi Wishthiswasmyjob,
Start a free account with ToS if you don't have one. Download the platform.
When you have it open, go to 'Analyse', then click on 'Thinkback', then punch in the date you want on the calendar on the top of right hand screen. Minimize the lower menus under Option Chain' so you can see it more clearly. Then click on the gear at the middle of the top of the chains and select what you want to view.
To the best of my memory it will not show times and sales for that day.
If you would post to the board your results, that would be most appreciated.
~d
I agree.
I closed out all of my puts today, most at a profit, except SPY and AAPL, which I still hold. Both are dripping theta. I also lost on TZA puts.
I have many (I'm not as transparent as you in my exact position) SPY October 16th 320 puts and need to create a position against them for the drip drip scenario. I'm not crazy about shorting vol too, as that can blow up in your fast real fast.
I'm thinking of some iron butterflies for the SPY next Friday, and maybe some OTM shorts on the VXX dated also next Friday
My current outlook is still down (even if we test 358 again) until December, maybe even February and I am gradually moving over to individual issues rather than the SPY. I don't have your 'wavy arm' gift' I think tech has a long, long way down.
.
Best regards.
They can't do 'drip drip' forever. Fear will kick in at some point.~d eom