IWM pre-market...this looks THE LINE...
If bears let it go, then they may be done....
From Jason Leavitt;
Started by
slupert
, Oct 16 2022 10:52 AM
14 replies to this topic
#11
K Wave
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Posted 17 October 2022 - 08:10 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
#12
gm_general
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Posted 17 October 2022 - 08:21 AM
From what I read there was massive hedge fund shorting into CPI news and that was a reason for the rally. There was a similar level last Friday, and the open futures possibly reflect that squeeze anticipation. When that gas runs out will things continue is the question.
#13
12SPX
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Posted 17 October 2022 - 08:52 AM
Posted on the other board...
Definitely do not overstay welcome on short side if markets do not break like right from today's open...
I always follow charts, but when sentiment gets THIS extreme, if chart starts to go up here, may run for a bit.
AGAIN...HUGE pivot zone here...
wow...but still does not rule out final panic low first.
https://twitter.com/...673831202058242
Ya like I've said, put prices have been at an extreme. Then Thursdays calls were at an extreme, been interesting trading there. Today both sides are trading about the same so maybe this rally will hold this time!!
#14
qqqqtrdr
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Posted 17 October 2022 - 12:31 PM
Given the large number of puts, people are still looking for capitulation. This does not have a good chance of happening until investors get out of puts...
#15
EntropyModel
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Posted 17 October 2022 - 12:39 PM
That put data is highly dubious for several fairly obvious reasons, I don't trust that source either just my 2cents.
Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data.
I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'.
Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email
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