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Took healthy position on TLT long calls today

I see ABC with a 135 target

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#1 opinionated

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Posted 12 September 2017 - 04:06 PM

At 126.65

 

Won't touch SPX as I have seen moves like this kill shorts as the keep piling in.... Cycle bottoms were suppose to be Monday thru Wends this week and the up cycle was to begin Wends.  Showing this much power coming into these bottoms we could run right up into the 18-20th.  I do believe we are on the edge of a big spill but I'll just have to miss the swing top.  I am very bearish going into the 21-23rd and do believe October is  a blood bath for bulls. 

 

 

Best...

 



#2 q4wer

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Posted 12 September 2017 - 04:25 PM

make it simple, tomorrow is the top of next 3 years.

 

I heard that this week correlates to the historical top as astrological signature says.


Edited by q4wer, 12 September 2017 - 04:26 PM.


#3 opinionated

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Posted 12 September 2017 - 04:39 PM

purebs.gif

 

No Disrespect but that makes me even less Bearish!!



#4 da_cheif

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Posted 12 September 2017 - 05:29 PM

tlt filled its overhead gap last week to end its corrective bounce....be very cautious on the long side.....tlt looks ready to crash



#5 alexnewbee

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Posted 13 September 2017 - 03:49 AM

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#6 OEXCHAOS

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Posted 13 September 2017 - 07:20 AM

It's not often you get to see Don talking "Crash"!!!!

 

LOL! :lol:


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#7 CLK

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Posted 13 September 2017 - 08:27 AM

TLT usually makes a strong trending move down when it breaks, doesn't look bullish to me at all.



#8 opinionated

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Posted 13 September 2017 - 05:06 PM

Thanks Clk... well looking back it seems your correct. Either we go to 126 or I'm correct but early. There is an active ABC that will play out whether it be in my time frame yet. I have a very painful stop in at 126 which is not smart from a traders point of view. All I know is if NO shoots off a flair txt will jump 2 points. And the charts to me say 130 min on the next swing. Thanks for your imput.

#9 CLK

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Posted 14 September 2017 - 10:49 AM



#10 opinionated

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Posted 14 September 2017 - 04:00 PM

Thx Clk... where were ya before I took the position? Lol... kidding of course, but really appropriate your TA and is/was spot on. I figure I'll need 127 to just be back at even. Thinking NK will show there butt again an if they do next target will be 130-131 other wise a break even stop go's in as we cross 127.25.

Best
OP