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baltic dry index is down again today for the 34th day in a row...almost 75% off it's recent highs of march...those numbers do not lie...cnbc is trying to rationalize the move, but, it is and will be the leading indicator...people are in for a real shet storm...
for timing, I have a projected top date for the 23 of july...we should see obvious signs of distribution early next week...then what follows is of course the collapse of the stock market as we know it...personally i will be looking at spx 900 aug options as a first target...next week i will be loading up on these for 1$-1.50$ as the price comes in as this thing tops out...as the market collapses and we get past 900 before expiration of next month these will be worth 40-50$...just a game plan/possible reality for next month....same type of opportunity as sept and oct. of 2008...
i agree with you...people are in for something of epic proportions...we need to time this and nail it...fortunes will be made and lost in the next few months!!!
anyone know what made the market spike on high volume about 2 hours ago? that would be 10pm est??? that was rediculous...
to backtest and fail at the 34sma on the hourly...
your google call is great by the way...i will take the other side and get some 450 puts just to test my theory of doing to opposite of your trades... , i am 100% kidding about getting those puts, i wish you luck...
if you long gs, then it's almost sure to get to 136.50 and then some... :)
Goldman going to 136.50 today...that daily 55sma was short term top...
the best fake out would be to go above the 200 dma, hang out there for a day or two before collapsing...my guess is 1120-1130, before she rolls...in a way that no one is going to comprehend!
forget it, i saw the 200 ma...
why 1111? aside from being aproximate horizontal resistance...
not much stopping it now...1125 es, seems likely...maybe even a foregone conclusion...
31.90 is the daily 89sma and it's flat...with lot's of pos div on all indicators.
wait till the details of the stress test get released...it will coincide amazingly with the falling 89sma on the daily at 1.2840...
hmmm...last couple of days, they were loading up on vix 20-25 put spreads...
spx 1218.75 down to 1010, almost a 7/8ths move to the 0/8ths line...no bounce to the 3/8ths line, a 2/8ths retrace which is 1093.75...usually see either a double bottom or actual touch of the 0/8ths line before either deciding to break up or down...but if we close back in the pipe today, i would have to be inclined to think that 1125 and 1156.25 is possible...
nice target...looking for 634 /tf to be resistance first time up...
gs just tagged it's 55sma on the daily for the first time in 3 months...might be a short here?
92 is the target right now...
during options ex week, unless you get lucky and get in at a perfect entry, and catch 80-100 pt pop or drop, you are better off taking profits in the same day...20% is probably a decent place to consider...
i would already be out if i would have been you.... .80-1.10 is a big move, especially when playing countertrend in this week!
wow, you picked the exact bottom of the day...good for you!
a break of 245, and my next support is 228 on the weekly chart...
hft'ers are going to town on that thing...
target 84-85?
and what did you do with the 106's?
as for spxu, are you still in that trade? if so, what is your bail number, and also what is your upside target?
no better than yours...it's easy to talk about after the day is over and try and project what the likelihoods are for the next day...your analysis is as good as anyone's denmo...keep it up.
hmmm...no longer a paying site...he made his vid's available only to members a year or two ago...back to free?
tmw your 1090+ should be hit
i remember...well done...i hope you put your money where your mouth is, or should i say targets! :)
still no signs of the rally being over on my charts...yawn
russell getting wacked here...
quite mixed indeed...hourly and daily still looking pretty good...daily stopped right where it should have to have more upside...1100 looking more and more likely short term...this will not last imho, but, hey...who knows how this rolls...
msft and ibm leading the way higher...
feeling right during opt ex week is a difficult task...you have to pick your spots with extreme care, and get out fast...
so how many contracts do you have and what is your exit strategy?
hardly a lotto...1060 spx is in the neighbourhood of this rising channel! 100 or 98 would be lotto, not 106!
agree sir...the correlation is still more like jan of 2008...the likelyhood of follow through next week to the upside is slim...sideways would be the most consistant with the weekly pattern...and then down down down again! july 23 is likely going to be a turning point for a solid down leg...aug 8-12 should be the low...this is counter trend and is completely engineered to squeeze the shorts and get people long as they distribute shares...1093.75 on a closing basis would change the game...nothing else!
almost a 100% retrace of last week...interesting place here...
sure feels like a melt up is about to occur...1110 perhaps!
hourly backtest of falling 13sma for the euro...1.2651...bear flag still very real...bond holding