Member
Posted 04 May 2020 - 07:58 PM
From the link:
So if you’re long-term investor and you are not selling into this good-luck rally, all I can say for the longer term is “good luck.”
However, NYSI is still rising and the NYMO, which is so far pulling back, probably needs to hiccup to one more high below a high before this is done.
That hiccup appears to have begun as today’s general market price action climbed out of the today’s opening gap down to finish positive.
"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."
Member
Posted 13 May 2020 - 03:09 PM
From the link Monday:
This has been a long spectacular rally since March, a fast up characteristic of bear-market rallies. If this is the end bullish traders and long-term investors who believe the bull market lives on will be in great danger.
If the market drops here and takes the NYSI negative, watch out…
An always remember there is no profit until you sell.
Needless to say but I'll say it anyway - the plunge is on. 
The puts expiring today (287, up 180%), and at the end of the week (293, up 424%):
"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."
