Maybe just a ST top ................
Likely a Top Here
Started by
redfoliage2
, Feb 08 2021 11:56 AM
35 replies to this topic
#2
gismeu
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Posted 08 February 2021 - 01:23 PM
Maybe just a ST top ................
Based on what?
gis
If you can't buy Happiness, STEAL IT!
#3
gm_general
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Posted 08 February 2021 - 01:40 PM
Market is up and VIX is up 3%.
Edited by gm_general, 08 February 2021 - 01:49 PM.
#4
redfoliage2
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Posted 08 February 2021 - 02:13 PM
Market is up and VIX is up 3%.
This is certainly one of the reasons as VIX is on a solid ST bottom. My call today is mainly based on a statistic analysis.............
Edited by redfoliage2, 08 February 2021 - 02:13 PM.
#5
q4wer
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Posted 08 February 2021 - 02:15 PM
equity put call ratio has been low for a couple of weeks, but market keeps on going up.
#6
12SPX
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Posted 08 February 2021 - 02:43 PM
More like a couple months actually lol!
#7
slupert
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Posted 08 February 2021 - 03:04 PM
Im still holding SQQQ, FWIW, (JMHO)
#8
pdx5
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I want return OF my money more than return ON my money
Posted 08 February 2021 - 04:53 PM
My clueless top prediction is......exactly 1 year and 1 week after the march 2020 bottom.
Because I am selling all longs during that week hahaha....
Edited by pdx5, 08 February 2021 - 04:55 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#9
cycletimer
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Posted 08 February 2021 - 07:27 PM
Haven't posted on this board in the longest time.... FWIW, there was a cycle turn due today (TOP?) and I purchased some March SPX 3750 puts before the close today AND purchased a full position in EDV
For this week I am expecting lower equity prices and higher long term treasury prices, hence my positions. I do not trade options very often, maybe two trades per year and only when risk/reward lines up. That time is now.....
#10
qqqqtrdr
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Posted 08 February 2021 - 07:29 PM
oex put/call has been trending higher over the last 4 trading days with that and the CBOE and Equity still low make me think a top is close at hand. SPY and QQQ have been advancing over the last week on decreasing volume as well... This eludes to a higher probability of a top... There are other indicators such as $CRB:TLT that is inline with the market going higher.
$COPPER is still Strong ==> Bullish
Transports are falling which is Bearish...
So right now it appears better than a 50/50 chance we are approach a intermediate top until the signals tell us otherwise...
