Fluke...
Bottom in I was looking for a low in this timeframe but not to this extremes. Sold my own puts about a point to soon. This could turn into something more but my money says a fluke. Long at the close own.
Good trades
In my opinion Fearless Forecast
Started by
opinionated
, May 17 2017 05:02 PM
4 replies to this topic
#2
tommyt
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Posted 17 May 2017 - 10:21 PM
Thanks Keith...my .02, this pullback has more to go than the garden variety 2-3% deals we have had for quite a while... 5%-20% coming here into June/July. Technicals support it, we just need to get away from the top to get some trapped people so if/when if does break from lower it can go. Now don't get me wrong, its no crash call and happening in the next two days. The vol is picking up, so long trades will work also. Traders enjoy the long awaited fun.
Edited by tommyt, 17 May 2017 - 10:24 PM.
#3
kinga200
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- TT Member+
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Posted 17 May 2017 - 10:48 PM
Thanks Keith...my .02, this pullback has more to go than the garden variety 2-3% deals we have had for quite a while... 5%-20% coming here into June/July. Technicals support it, we just need to get away from the top to get some trapped people so if/when if does break from lower it can go. Now don't get me wrong, its no crash call and happening in the next two days. The vol is picking up, so long trades will work also. Traders enjoy the long awaited fun.
Yes!
#4
opinionated
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Posted 18 May 2017 - 10:00 AM
My call is not for new highs that continue to climb. I'm saying this came in a cycle low... that extreme an quick as most news events are. My work says a cycle high due the 30th which I think will be just short of all time highs and then YES my work says MUCH lower into mid summer.
