3309 Drysdale Ct
Edwardsville, IL 62025
What's up with the Cloud Names being sold hard - Rotation into
Put/Call has moved from .90 on Friday to 1.2 today. Lots
of put buying.
Well looks like we have new highs coming and the big bad
wedge Cramer showed on TV won't play out after all ... should be
enough for GLD to get that 10% drop it needs. Unless of
course someone changes their mind on the deal before it get's
Playing Nostradamus is a bitch ! - Best Technical Analysis site.
Period. Thank you for what you do. i'm slowly
learning that when Steve says "The Onus Is Clearly On The Bulls" a
few weeks in a row that means get the hell outa dodge! :) My
plan is to sell tomorrow's bounce by doubling down on my Jan AAPL
and MSFT Puts which are holding up the Dow and SnP. It's
pretty surprising that short term call premium is relatively high
and short term put premium is low. It's not a question of IF,
it's a question of When and dammit i'm always too early.... I can't
see this continue to be propped up through the end of this year but
neither can most and that has me worried. I've lost a lot of
money (~400k) over the past decade and in the beginning it was just
expensive learning but the options game is truly insane and I feel
like it's the only way I can make it back. I shoulda just put
my money at work on the SPY system and i'd be a happy camper.
How is everyone feeling about the lovely bounce today. Was
scratching my head last night after seeing Cramer put the big
S&P bear wedge out there. The Talking Heads are soooo
bearish which makes it rather difficult to be bearish.
Put/Call is even. Tricky. I'm going to stick to
my guns and say today is a blessing and buy Jan AAPL and MSFT Puts
and SPXU and SQQQ calls out the wazoo. Also buying
calls for next week in case the Anti TV rally continues which is
more likely along with some GLD sinkage.... let's c.
Matt/Steve - Couple notes 1) The Ads on the trading
community page are a nuisance...especially when they pop up in the
middle of the page/post - this looks to have stopped but still a
nuisance. 2) When I tried to watch the Newsletter on my
Android phone today (New Player) a few seconds after starting
it blanked (black/grey) out my screen... I like to look at the
charts while i'm listening but with my screen blanked out it's
useless...can't even go to the left pane to move around the news
letter...i have to reload the page. My guess is this is
related to an ad plug-in as well. I rebooted phone and
everything... Hope you can fix this.
Did these guys change the site or am i at the wrong site for the
hourly put/call ratio ? ->
At this rate we'll be back at 2940 tomorrow ha ! But given
how Friday's have been lately, if we continue to trend up today,
there is a better chance of pull back tomorrow.
Ah yes, the gap on top and the shelf support ! I like it.
Not sure we'll get there but I like it.
All - Any thoughts on a good level to START building shorts
again ? Q4 is FAR from over.. I'm thinking Feb calls on
If we head down to the 2nd Gap that will flip the
Did we fill the gap on the S&P ...looks real close ...
Hasn't filled yet ... maybe by the magic 1:30 ?
Can't get enough of that Sugar Gap ... Sugar Gaps!
Gotta luv turn-around Toosday ;) I still think
after today they will push it up one more time for 1-2 weeks before
pulling the rug out. Q3 ended up so we have 3 up Quarters
this year. Matt - How many times does that result in a
catastrophic Q4 ? Seem to recall that's a high
Most of the time i've seen action like this it results in
SERIOUS down side in the very near future. The only anomaly
this time is that so many stocks are already beaten up pretty bad
(wouldn't know it from the indices). I guess they will get
the rest (AAPL,MSFT,BA,COST, W A T C H). We're still up for
Q3 (marginally) short of a huge drop on Monday. If we close
out Sept. green I'm betting on
This chop is making me sea sick...
finally... cmon 2940
Bounced right off support at 2980 ... if we break through then
gonna pile on the shorts.
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