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Time for a sharp thrust


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#11 cycletimer

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Posted 14 October 2017 - 09:54 AM

I think so too.

 

yes.gif

 

Cycle projection to 2490'ish. First down projection in a while. Usually the first crack through is bounced.

 

I sent this to a few on my trading buddies last night:

Titled in subject line: "interesting action into the close"

 

<<I am in several $SPX call credit spreads, meaning I am in a directional short position as I’m net short call options on the $SPX.

All day the calls were up, meaning my positions were down all day. 
Aside from these I’m also long some $VIX calls I purchased yesterday.  

What did the market do today?

It was up. $DOW +33 $SPX +2.39. NAZ +14

The calls I am short should have remained down into the close, the short positions would be UP meaning I’m losing money being short. It’s like being short AMZN or TSLA when they’re UP, you lose $.

Well......

At today’s close all the calls I am short REVERSED! My positions were profitable and my $VIX calls which had been down all day turned UP yet the $VIX closed down 3%. WTF!

Someone knows something....or....the Astro’s are bearish...or....or.....or.....!!!>>>



#12 AChartist

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Posted 14 October 2017 - 10:21 AM

my cycles are awful, they most correlate to rut breadth first and then price,

 

I have raised cash to work with if a drop in a few weeks and see what happens but I do stay

 

invested too because the pension/debt/fiat collapse makes the stocks one mainstream 

 

hyperinflation index for now. I should look again at dow quarterly cycles they are often insightful to

 

see if my expected decline is manifest there too. I havent been that interested in stocks just holding some

 

for entrapment into 401k tax schemes and for the hyperinflation index.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#13 NAV

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Posted 14 October 2017 - 11:20 AM

The way i see it-  a sharp thrust is overdue. It could be up or down. But the odds still slightly favor upside. If we break SPX 2540, the odds will favor the downside. Above SPX 2540 i will continue to buy dips.


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

 

https://twitter.com/Trader_NAV

 

 


#14 12SPX

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Posted 14 October 2017 - 12:29 PM

 

I think so too.

 

yes.gif

 

Cycle projection to 2490'ish. First down projection in a while. Usually the first crack through is bounced.

 

I sent this to a few on my trading buddies last night:

Titled in subject line: "interesting action into the close"

 

<<I am in several $SPX call credit spreads, meaning I am in a directional short position as I’m net short call options on the $SPX.

All day the calls were up, meaning my positions were down all day. 
Aside from these I’m also long some $VIX calls I purchased yesterday.  

What did the market do today?

It was up. $DOW +33 $SPX +2.39. NAZ +14

The calls I am short should have remained down into the close, the short positions would be UP meaning I’m losing money being short. It’s like being short AMZN or TSLA when they’re UP, you lose $.

Well......

At today’s close all the calls I am short REVERSED! My positions were profitable and my $VIX calls which had been down all day turned UP yet the $VIX closed down 3%. WTF!

Someone knows something....or....the Astro’s are bearish...or....or.....or.....!!!>>>

 

The reason your short options went down is because even though the market was up today it wasn't by much and we now only have 4 trading days left for trading on the cash SPX options, 5 on the futures options.  Premium really starts to decay 10 days out, drops like a rock going into the last week!  Good job though, they are always a great income provider!