Member
Posted 19 October 2018 - 11:35 AM
This was my take from last evening... it appears that wave-v:c:iv is taking an ending diagonal triangle track, so perhaps later today or Monday this correction will be ended... twt.
My SAR system went back to short yesterday morning at 2805... it could go back to long later today... watching.
Edited by tsharp, 19 October 2018 - 11:37 AM.
Mark S. Young
Posted 19 October 2018 - 01:22 PM
I just doubled up for the Secret Hedge Fund Model. Plan to follow suit for myself shortly.
Mark S Young
Wall Street Sentiment
Get a free trial here:
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Member
Posted 19 October 2018 - 03:17 PM
I just doubled up for the Secret Hedge Fund Model. Plan to follow suit for myself shortly.
Mark, long or short?
I am still short since 281.
Member
Posted 19 October 2018 - 03:18 PM
Member
Posted 19 October 2018 - 04:30 PM
I added 280P and 276C after the close. Hoping for a crash Monday. Cash still about even after a couple whipsaws and theta.
Getting impatient now as my crash puts expire Nov. 2nd, something needs to get going.
Member
Posted 19 October 2018 - 08:05 PM
My stuph says still short (from 2805)... and there may be some Ganniversary affect on Monday...
Member
Posted 20 October 2018 - 02:52 PM
What if the market consolidates sideways for another month, before continuing lower ?
Member
Posted 20 October 2018 - 05:26 PM
What if the market consolidates sideways for another month, before continuing lower ?
Please don't be offended, but I do not play the "what if" game... how can anyone anticipate all the what-ifs? I look at the momentum indicator on multiple time-frames AND the fractal, and come up with what I think is the most likely fractal count and market path... look for my RUT post coming soon.
The simple answer is, I will look at the market in a month and work with whatever it tells me.
Member
Posted 20 October 2018 - 06:20 PM
Well, I am used to markets cratering then going nowhere for awhile, they can do it again and collect premium on both sides, then when everybody knows it 's finally got to go up, it crashes this time. Still going to trade price but it is tough on an options trend trader.
Edited by CLK, 20 October 2018 - 06:20 PM.
Member
Posted 21 October 2018 - 09:53 AM
Well, I am used to markets cratering then going nowhere for awhile, they can do it again and collect premium on both sides, then when everybody knows it 's finally got to go up, it crashes this time. Still going to trade price but it is tough on an options trend trader.
Yay a fellow premium seller, always think its the best way to trade, never have to be perfectly accurate!!
