AMZN 2450 looks pretty important....
It it gives way, AMZN will join AMGN as leaders flashing red flags...
Edited by K Wave, 21 May 2020 - 01:38 PM.
OK, This has more than a bit worried about longs prospects short term
Started by
K Wave
, May 20 2020 08:45 PM
74 replies to this topic
#31
K Wave
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Posted 21 May 2020 - 01:37 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#32
12SPX
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Posted 21 May 2020 - 01:45 PM
Okay average short now is 2952.50, think I'm just going to keep adding and carry it into tomorrow but we'll see how the final hour goes!
#33
Darris
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Posted 21 May 2020 - 01:55 PM
NYSE breadth is really positive today with SPX nad NDX down, but it can be seen in the RUT advance. That does not have to be a positive outcome looking one day forward. Prior to the crash there were a lot of continuation days down and consecutive in some cases. Note, Feb 20th this year had positive NY breadth and IWM up with SPX down. Now, after the crash every time we have had a positive breadth day and negative SPX we were up big, really big the next day or few days. Today is day 6 in this up cycle, and 6 is about all you get without a 100+ pt ES rinse. We are about to find out.
#34
K Wave
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Posted 21 May 2020 - 02:43 PM
Looks like bears pretty much got nuthin' yet...
maybe one more swoop up first?
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#35
K Wave
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Posted 21 May 2020 - 02:45 PM
quite the wedgie on the Dow chart....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#36
OEXCHAOS
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Mark S. Young
Posted 21 May 2020 - 02:53 PM
And here is the raw long side little guy data as of last Friday...likely even higher after last 2 days...
And again, could go even higher first...
Actually pretty amazing that the huge selloff did not even take the call purchases back into the old range.
https://twitter.com/...641345615216641
Is that a sign of confidence, or is it a sign of fear?
If small traders get it usually wrong, then it is a sign of fear of loosing out, if they generally get it right, then it is a sign of confidence.
gis
What I'm getting at, is you may not be looking at the same little guys... i.e. this crew may be afraid of buying the underlying, outright, but they're willing to risk a bit on calls. Maybe.
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#37
gismeu
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Posted 21 May 2020 - 04:15 PM
[/quote]
What I'm getting at, is you may not be looking at the same little guys... i.e. this crew may be afraid of buying the underlying, outright, but they're willing to risk a bit on calls. Maybe.[/quote]
So you’re saying the little guys trade options?
Possible but not really probable imho, gis
If you can't buy Happiness, STEAL IT!
#38
CLK
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Posted 21 May 2020 - 05:11 PM
Feb. and May are the flattest months of the year, no hope for a breakout of the range until June.
https://i.insider.co...=jpeg&auto=webp
#39
CLK
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#40
Darris
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Posted 21 May 2020 - 06:07 PM
RUJ dog value rut 2000 leading the pack ....
run spx 500 to the 200 and get everyone bulled up
tank it just a little to make it look like a failure - burn the weak long hands
get everyone beared up for the "short of a lifetime"
burn the bears in the after hours and drive it over the 200
resume trend
You got it!!. Nice bear trap into close and early after hours. Onward and upwards. DIX over 49% today.
Edited by Darris, 21 May 2020 - 06:09 PM.
