Replies to post #11272 on Wyckoff volume benchmarking / market profile bt a

[gdl]

Using Rick Ackermans Momentum indicator there is a possibility that the DIA
has another 6 to 7% upside? 233 to 250?

That means the DOW has to lead the parade higher over next few days because the SP500 should stay under 5%.

Over analyzing? Perhaps.

He has 2880 on SP and 250 on DIA as targets. that suggests DIA move higher percentage wise.
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I will be making unusual bets if we hit those targets. Will bet for a 20 percent drop in 3 week time after that number is hit. Using ETF and option play. the options will be out some 2 to 3 weeks so the premiums will be huge. Crazy bet but a 10 fold return plus is what i am after. using a small portion of my recent gains so it will not hurt as much if i am wrong.

[Nirvana]

Same here ... more comfortable in the bear camp especially at the top of the range. I had 2711-2740 gap fill as the target and was expecting a close at the highs (2740) but the reverse happened. Went with gut and shorted the open and holding SPXU from 19.

Let's see if the downtrend takes hold tomorrow into a continuation and end of the rally up! Gap up of 90-100 points tomorrow could wipe out my gains but willing to take that risk given today's action!