keep in mind that many indices have dropped to or below key moving averages. yesterday's close turned the weekly trend down. Naz 100 dropped well below the 50 day and rallied back up close to that. It is of course now resistance and has turned down some from there. I am looking for it and QQQ to reach the 200 day at some point, Now??? or in late March? I can't say but I won't be surprise if it does it even this week. that is not a prediction but I"m kinda favoring that
Even the stupid people will figure out that money is going into Gold
Started by
skott
, Feb 20 2020 12:30 PM
45 replies to this topic
#42
skott
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Posted 26 February 2020 - 12:08 PM
Russell 2000 representing the broad market is flirting with negative on the day. Same with the Dow (the big money) they are telling us something. don't believe those telling you the worst is over. idiots
#43
skott
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Posted 26 February 2020 - 02:24 PM
Dow crashed 500 pts from the high today. some of you folks are really underestimating what is going on probably because you don't understand how the financial system works. have your fun while you can. it won't last long
#44
skott
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Posted 26 February 2020 - 11:01 PM
lots of gold calls were bought Monday as gold was reaching the highest levels since, 2013? price probably has to be worked off so those buyers don't cash in. Stock market may have the same problem. I'll never forget the post here, won't name the poster but it was basically the market can't go down and won't correct until another 10-15% higher. can't go down. hmmm
Edited by skott, 26 February 2020 - 11:03 PM.
#45
skott
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Posted 27 February 2020 - 11:19 AM
sold AAPL puts bought @4.90 for 28.80 MSFT puts bought @3.30 sold for $12.25
#46
skott
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Posted 27 February 2020 - 12:14 PM
got to go with the odds. I covered all my shorts after 12-15% decline and put profits as high 400% I had to book em. Can the market go lower? of course it CAN. but the odds are against it. If this is a true implosion of the financial system being short won't matter much because you probably won't get paid. I'll wait for more favorable odds to happen.
