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Hello everyone! Haven't seen all my friends

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gitonwithit   Sunday, 10/12/14 08:24:24 PM
Re: None
Post # of 140143 
Hello everyone! Haven't seen all my friends on this board in quite a long time and have been missing you all!

TOS is still updating since my internet is extremely ghetto every now and then so might come back to post the chart on this tomorrow. Gann said that price=time and there are a lot of ways and interpretations of looking at this with the square of 9 and 52 or even 144 but what strikes me most about what is happening right now is that last month we were about 66/67 months from the SPX low of 666. Haven't checked it very precisely with the weekly count but I did buy some puts right around the top. Like a rookie I closed them a few days ago for a 45% profit thinking would have a chance to buy them back cheaper on the retrace but it seems my trading gets in the way of my longer term goals and better judgement.

If it sticks, that 2019 high on SPX should be good to bet against and I'll be buying more puts if it ever climbs back up. RSI on the weekly speaks volumes about the short term direction, although the monthly would still indicate to me that a divergence has yet to take place and mark the end of a 5th wave or overthrow via a good monthly reversal candle.

the government cannot give anything to anyone -- that they have not first taken away from someone else.
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