Member
Posted 13 May 2022 - 09:17 AM
Let's see if this will turn into Sigma4 short squeeze and buying panic ~4-5%?
Hmmmmm who mentioned that possibility yesterday while the market was at lows, oh ya me lol!! Quite possible to see at least 4175 as I mentioned. Put prices are still saying its the end of the world so we'll see. Profit stop 3975 for now....
Member
Posted 13 May 2022 - 09:23 AM
Let's see if this will turn into Sigma4 short squeeze and buying panic ~4-5%?
As long as BTC holds above 30K, potential for the Ponzi boys to give it a good ramp job.
My guess a typical day and half to 2 day wonder rally...but if BTC does not go back under 30K after that, then we have perhaps an intermediate turn on our hands.
As usual, will go where the charts lead me...and right now, they say as of last night's turn, long is the pace for now...however short lived it may be...
Seriously. look at beautiful 1 min transition on BTC last night..
Bears reclaiming 5 min at 30K would be first sign of failure...
Edited by K Wave, 13 May 2022 - 09:25 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 13 May 2022 - 09:24 AM
profit stop 4005, buy below....
Member
Posted 13 May 2022 - 09:27 AM
Getting to the point where I have to take profits, QQQ up 10, SPY near 9
those CALL premiums too enticing....
holding 5 ES & NQ hedge shorts, may hold all over the weekend unless I close more than 20% of all my LONGS
Member
Posted 13 May 2022 - 09:35 AM
Okay took profits for a 110 point gain, back to back to back days, been another awesome week, might take the rest of the day off but we'll see, likely buy again with a little bit of a pullback.
Member
Posted 13 May 2022 - 09:38 AM
QQQ CALLS are up 25 to 40 % today, not all but most
SPY CALLS up 20 to 35%, most of them in this range
too many Ks of profit out there
will also close some UVXY PUTS - even better returns on some than the CALLS above
Getting to the point where I have to take profits, QQQ up 10, SPY near 9
those CALL premiums too enticing....
holding 5 ES & NQ hedge shorts, may hold all over the weekend unless I close more than 20% of all my LONGS
Member
Posted 13 May 2022 - 09:45 AM
stuff startin' to hit short term resistance levels....now we see
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 13 May 2022 - 09:47 AM
Thus far...Apple bounce right to about where expected...
143 looks key for bull to hold on pullback now...below that re-opens the trap door...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 13 May 2022 - 09:48 AM
Softy equivalent level 256
Edited by K Wave, 13 May 2022 - 09:48 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 13 May 2022 - 09:48 AM
Back in for a long build at 4000, profit stop 4001, buy below...
