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gdl

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Posts 7547
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Alias Born 12/18/2012

gdl

Re: Wayne R post# 495

Monday, 05/23/2022 3:58:08 AM

Monday, May 23, 2022 3:58:08 AM

Post# of 521
I tried GOLD futures way back and got burned. I now play with a limited amount and expect to lose it all each time i bet. my goal is to hit 1 of 3 or 4 bets in a minimum of 10 times return. in this environment it is like a magnet. The hits i made intra-day is not enough to offset my losses thru this whole bear drop.

I am now obsessed with Fibonacci dates and numbers. I believe 6/6 will represent the top of next counter rally. I also think it requires a minimum of 8 trading days from the lows to possibly achieve that top.

I have my window and it is tight. tight enough for me to bet for a ONE DAY big drop. Seems Monday is not going to be that drop. That leaves me with the assumption we once again have a double top before the next drop. It lasts 3 days at most. Friday was technically an up day. Today it seems we should see another up day. if true tomorrow should be a 100 plus SPX last day surge.

I will probably bet late Tuesday on the following condition:
1 - Tuesday close is not much higher than 4100.
2 - Tuesday achieves a 100 Plus SPX point move.
3 - Monday also has to end the day up.

The bet is a long shot with up to 20K on the line. Late Tuesday IF IF IF Monday and Tuesday run the way i suggested. It will expire half on Wednesday (one day play) and the other half on Friday.

If Monday is up I might also bet for the 100 Plus surge on Tuesday.
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I make this predetermined play on one assumption, 6/6 will be the HIGHS for a long time to come. That requires a real crash, a one day variety and also enough time to spike up from 3550 area to 4750 area. 8 day window?

I play with money i can lose. I also make wild assumptions on the correct path and if it follows that path i will bet for the dramatic drop. MY window is closing fast. It makes my bet window consist of Monday thru this Wednesday for that dramatic drop. I throw in the towel after that.

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