Crash Fractal Still Valid
#1
Posted 12 April 2007 - 04:07 PM
#2
Posted 12 April 2007 - 04:15 PM
#3
Posted 12 April 2007 - 04:21 PM
The future is 90% present and 10% vision.
#4
Posted 12 April 2007 - 04:22 PM
So how much did the crash puts lose today? Thanks
Options aren't marked to market so I don't lose until either I sell or they expire. I still think crash tomorrow with nasty stagflation PPI. BUT if the floor traders manage to levitate this pig until expiration day I will double down with May puts. There is no way that they can hold this pig up forever against the force of gravity. Fundamentals are too negative for that and market is soooo overdue for a 10% correction that it's not even funny. Complacent bulls are smug now but soon will be in slaughterhouse. F8 Fractal can't be denied only postponed.
#5
Posted 12 April 2007 - 04:24 PM
Edited by .Blizzard, 12 April 2007 - 04:29 PM.
#6
Posted 12 April 2007 - 04:28 PM
#7
Posted 12 April 2007 - 04:29 PM
So how much did the crash puts lose today? Thanks
Options aren't marked to market so I don't lose until either I sell or they expire. I still think crash tomorrow with nasty stagflation PPI. BUT if the floor traders manage to levitate this pig until expiration day I will double down with May puts. There is no way that they can hold this pig up forever against the force of gravity. Fundamentals are too negative for that and market is soooo overdue for a 10% correction that it's not even funny. Complacent bulls are smug now but soon will be in slaughterhouse. F8 Fractal can't be denied only postponed.
I wish you the nest but you may really want to analyzing that conviction of yours. Market can and will bankrupt you. It does not need to go up. It can stay here and kill time for your options to even recover. Just saying don't "put" put all eggs in one basket as the saying goes.
Remember this day, men, for it will be yours for all time.
#8
Posted 12 April 2007 - 04:41 PM
Today's rally mades me nervous about my puts, but the volume was low today and looks like a head-fake by the floor traders to clear out the stops.
They made me sweat, but tomorrow PPI comes out and that number is going to be HOT meaning bigtime inflation. Bulls are celebrating tonight but will be crying tomorrow. Fractal F8 suggest gap down and plunge for Friday (Hankster can explain this further).
I had to put off shopping for the Bimmer today but will go shoppin on Saturday if tomorrow brings what I expect.
You forgot -- tomorrow is Friday the 13th!!
Go for it. I wish you luck.
#9
Posted 12 April 2007 - 04:52 PM
Today's rally mades me nervous about my puts, but the volume was low today and looks like a head-fake by the floor traders to clear out the stops.
They made me sweat, but tomorrow PPI comes out and that number is going to be HOT meaning bigtime inflation. Bulls are celebrating tonight but will be crying tomorrow. Fractal F8 suggest gap down and plunge for Friday (Hankster can explain this further).
I had to put off shopping for the Bimmer today but will go shoppin on Saturday if tomorrow brings what I expect.
Don't forget the PE ratio is still cheap. This is not an overvalued market. That doesn't mean it won't drop, but it's not like it is a bubble.
GD
#10
Posted 12 April 2007 - 06:07 PM
Mark S Young
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