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Only a Fool Tries to Call a Correction in a Bull Market, So Here Goes! Martin Pring


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#21 12SPX

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Posted 25 January 2021 - 08:36 AM

Carried my short over the weekend and added at 3850 of course, couldn't resist, average now, 3843, profit stop going into the open 3840! 



#22 12SPX

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Posted 25 January 2021 - 08:38 AM

5 day arms over 600     usually seen at important lows   

Of course it is lol!



#23 12SPX

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Posted 25 January 2021 - 09:03 AM

Btw love your starting graph d and I agree totally as I'm suspecting if we do continue higher it will mostly be a sideways to higher move with corrections inbetween just like the obama/biden presidential time period which is perfect for option selling! 



#24 12SPX

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Posted 25 January 2021 - 09:32 AM

And out for a 3 point gain, to bad but I'm not surprised, starting a short build again at 3846! 



#25 12SPX

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Posted 25 January 2021 - 09:58 AM

Loving this was just putting my profit stop on for 3840 and was taken out for a 6 point profit, back in starting a build 3845! 



#26 dTraderB

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Posted 25 January 2021 - 10:05 AM

DOW AND SPX RELATIVELY WEAK

Loving this was just putting my profit stop on for 3840 and was taken out for a 6 point profit, back in starting a build 3845! 



#27 dTraderB

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Posted 25 January 2021 - 10:08 AM

Closed nq hedge long + 203.75
Need every $ of nq profit today!
Will reopen later, will add one extra lot in nq long daytrades

52 QQQ PUTS, opened new APRIL PUTS.
IWM... JUDT WATCHING IT...

47 QQQ PUTS
1 NQ hedge long



#28 dTraderB

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Posted 25 January 2021 - 10:11 AM

Tesla spread order just placed should be filled above 900

Crazy wild GME stock!!!! Glancing at that hourly chart just for entertainment purposes

#29 12SPX

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Posted 25 January 2021 - 10:39 AM

Grabbed 3850 while I was out shovelling snow so average now 3848



#30 12SPX

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Posted 25 January 2021 - 10:53 AM

The market appears to be turning around here, what a surprise lol!  Profit stop 3840!