Member
Posted 07 December 2016 - 06:36 PM
Bear Capitulating...
Look at the tone of the board...
All those predicting 10, 20, 30...100 SPX points decline are now on Bull band wagon...but won't admit...
Your portfolio speaks the truth...rest is pure BS
Edited by Harapa, 07 December 2016 - 06:39 PM.
My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.
Member
Posted 07 December 2016 - 06:38 PM
Bear Capitulating...
Look at the tone of the board...
All those predicting 10, 20, 30...100 SPX points decline are now on Bull band wagon...but won't admit...
I didn't look at everyone, but one of the first posts I saw today was someone calling a top. Semi kind of flipped, but shrug. Otherwise I've been kind of absent so maybe I'm not seeing the capitulation you are. Would be nice if the polls for tomorrow were up!
Member
Posted 07 December 2016 - 08:46 PM
Its no longer a "normal" rally, ideal storm with end of year chasing and melt up/blow off in some things. Blow offs are fun to witness but hard to profit from. No reference points around and the move is bigger with it potentially going 1,2, or 3 days. VIX was actually up today, which is also normally part of these types of moves as players see both sides developing and buy calls to replace stock (good strategy at this point) or to speculate, AND others are buying puts for what looks like the obvious. Mc Osc still looks good, most internals will/are diverging and not show you much at this point. No need to guess on what level it should go, pick an option strategy and go for it. Have fun.
http://stockcharts.c...id=p83707100839
http://stockcharts.c...id=p83733137120
Edited by tommyt, 07 December 2016 - 08:48 PM.
Member
Posted 07 December 2016 - 09:15 PM
not normal is right.....the epicenter of primary wave 3 up is a once in a lifetime event....now you know why only a handfull made it to the top of K2
Mark S. Young
Posted 08 December 2016 - 09:51 AM
I don't see the capitulation on the board as being predictive.
In fact, the evidence suggests that until this board gets leaning short, we won't have a top of any significance. Believe it or not.
M
Mark S Young
Wall Street Sentiment
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Member
Posted 08 December 2016 - 09:00 PM
cmon chief - youve been saying we are in the epicenter of primary 3 for years - just one example here -
(chose this one, in part because of the great Fib quotes and the repartee with others he has chased off the board)
http://www.traders-t...rt-fired/page-2
