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The Case for SPX 2265.22 by August 14th

SPX TRANSPORTS GDX

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#1 blustar

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Posted 07 August 2017 - 02:08 PM

The Case for SPX 2265.22 by August 14th

 

In the following charts, I present the case for SPX 2265.22 by August 14th, 2017.  That is only one week away and would knock about 8.5% off the major average.

 

I use astrology, Gann & Hurst Cycles, E-Wave and charting techniques to prove my point.

 

8_3_17_spx_fan_formation_lines_wedge.png

 

8_3_17_spx_daily_longer_term_channel.png

 

7_18_17_spx_daily.png

 

8_3_17_dow_theory_sell_signal_transports

 

 

GDX looks like it will try to rally this week as the stock market falls.  GDX has an 8 TD cycle top due Friday near Mercury Rx (8/12-13) just under 24.00 resistance.

 

 



#2 alexnewbee

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Posted 07 August 2017 - 02:19 PM

Would you take a bet with me? I bet 500$ this will not happen. Will you take the opposite side? Thank you.
"we do G.d's work" Lloyd Blankfein

#3 pisces

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Posted 07 August 2017 - 02:23 PM

Would you take a bet with me? I bet 500$ this will not happen. Will you take the opposite side? Thank you.

 

taking your side, but raising the bet  zipped.gif



#4 blustar

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Posted 07 August 2017 - 02:35 PM

You guys are suckers I don't wish to take your money. bear.gif



#5 alexnewbee

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Posted 07 August 2017 - 02:41 PM

You guys are suckers I don't wish to take your money. bear.gif

Don't worry about our money ;)
Please put your $ where your mouth is. :)
"we do G.d's work" Lloyd Blankfein

#6 blustar

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Posted 07 August 2017 - 03:28 PM

I'm putting $3700 worth onto Aug 16 238.00 SPY puts early Tuesday at 0.10 each, so that is where I'd rather put my money, not on some frivolous bet.



#7 risk_management

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Posted 07 August 2017 - 06:18 PM

I'm putting $3700 worth onto Aug 16 238.00 SPY puts early Tuesday at 0.10 each, so that is where I'd rather put my money, not on some frivolous bet.

 

If you said Russell and 4%, I could maybe see it.  But SPY, with NYSE summation at this level, you are playing against heavy heavy odds.  But I like your transparency.  Even if this is nothing but a paper trade.

 

 

p.s.  I am down to trading 3 minute charts these days.  Having hard time finding enough meat even on that bone. 

p. p. s.  I also like buying weeklies for a round .10 number but it's been a while since I've traded them.



#8 blustar

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Posted 08 August 2017 - 01:42 AM

Not a paper trade



#9 NAV

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Posted 08 August 2017 - 09:49 AM

I'm putting $3700 worth onto Aug 16 238.00 SPY puts early Tuesday at 0.10 each, so that is where I'd rather put my money, not on some frivolous bet.

 

You have less than 1% probability of making money on this trade. It's a no-brainer. The puts will expire worthless.

 

Da_Cheif's WWW is coming tomorrow.


It's not the knowing that is difficult, but the doing. 


#10 gameover

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Posted 08 August 2017 - 10:05 AM

You may want to find a new craft.  Have you ever been correct, it's a disgrace to real analysis.

 

I think anyone here would write that option for you, EASY $$$$

 

Only one who has a clue around here is the CHIEF

 

It's another day and another top call.  You beartards even have $$ left?  Must be taking out lines of credit only to piss it all away again.  You'll never learn.







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