Looks too early even with an hourly sell. I had a daily sell today and looked like it would fail but sold late.
So, I think they run it back to 2790 into Friday and next week down to 2400.
Posted 07 February 2018 - 04:24 PM
Looks too early even with an hourly sell. I had a daily sell today and looked like it would fail but sold late.
So, I think they run it back to 2790 into Friday and next week down to 2400.
Posted 07 February 2018 - 04:46 PM
I still think 2150 for wave 1 if this is a bear market.
Posted 07 February 2018 - 06:45 PM
All CNBC can talk about is buying quality stocks at this bargain discount, fundamentals haven't changed. None of that matters anymore.
I really think this is 1929 again. The market is up at the top of the channel from the 29 top, as far as Ewave, do you really think they
would wait for a perfect count subwave or whatever, a textbook count to let everyone in short at the top? I don't think so. At a parabolic top
you are not going to see a long drawn out wave 4.
Posted 08 February 2018 - 09:52 AM
This is not going anywhere with the Dow leading down. Range day or up.
Posted 08 February 2018 - 10:00 AM
This is not going anywhere with the Dow leading down. Range day or up.
What's the range?
Posted 08 February 2018 - 10:57 AM
This is not going anywhere with the Dow leading down. Range day or up.
What's the range?
Globex lows up to ES 2700. I will be glad to be wrong, taking drawdowns waiting for a breakout.
Posted 08 February 2018 - 11:50 AM
This is not going anywhere with the Dow leading down. Range day or up.
What's the range?
Globex lows up to ES 2700. I will be glad to be wrong, taking drawdowns waiting for a breakout.
Shorting in a downtrend is fun; Drawdowns are not fun.
Lurking SP reacted violently from its falling 5dma in the 2720 yesterday; Fib retrace area for the bounce pretty much nailed the turn. Retest of lows with a friday blood bath tomorrow
Posted 08 February 2018 - 02:07 PM
Still no hourly buy, trying to use around 10 point system for turns in this downtrend. Switched out of an ITM to ATM Put, still heavy in Put
spreads.
Posted 08 February 2018 - 02:52 PM
Doubled up on my hedge, not going to be time to react if the markets start back up fast. The VIX is not confirming the lower lows.
Posted 08 February 2018 - 04:42 PM
Looking for wave 3 of 1 down to 2275.