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The NYMO low above a low


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#1 diogenes227

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Posted 10 October 2019 - 05:45 PM

From the link:

 

 

Now the bulls need long-term breadth (the NYSI) to turn up in the next day or two, which is the trending signal. The NYSI is the smoothed line in the middle of the chart below. It is still falling but…

 

If both breadth indicators get in line, there is a good chance the market rallies strongly, possibly for several weeks, maybe back to the recent highs, maybe higher.

 

But, of course, as has happened all through these unstable times, it will be a rally that can be killed by a tweet.

 

For more and the chart:

 

MARKET TIMING - THE NYMO LOW ABOVE A LOW


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 opinionated

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Posted 10 October 2019 - 08:00 PM

IMHO

 

This is a News/Cycle market,  has been for months Most indicators are not useful or to be trusted.

 

Just my take



#3 da_cheif

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Posted 11 October 2019 - 11:37 AM

IMHO

 

This is a News/Cycle market,  has been for months Most indicators are not useful or to be trusted.

 

Just my take

oh?



#4 OEXCHAOS

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Posted 11 October 2019 - 01:45 PM

My bottom spotters went off at both lows (though one only went off intra-day at the last one). Seems that a lot of our indicators were looking pretty good in this market.

 

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#5 diogenes227

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Posted 13 October 2019 - 08:10 PM

DAY TRADING CALLS 10/11


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#6 diogenes227

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Posted 14 October 2019 - 08:05 PM

Market Timing $10K NYSI stock trades


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#7 diogenes227

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Posted 15 October 2019 - 09:27 AM

SPY Options - 296 Call

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#8 diogenes227

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Posted 15 October 2019 - 04:35 PM

The trend is your friend. yes.gif

 

DAY TRADING SPY OPTIONS - 10/15

 

LMAO.  biggrin.pngbiggrin.pnglaugh.png

 

Got down voted off an options thread on Reddit today for this.  That's happened before. I guess they don't believe it even though it's on Twitter in close to real time, or maybe it's just that the "smart" options players in this world would rather play the game than win it.


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#9 Harapa

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Posted 15 October 2019 - 06:29 PM

Don't worry, the game is not for everyone.


My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.