we haevn't been calling for some big top of anything, we think
at best some sort of 4th wave, here's a 30 min SPX, you have a
completed diagonal there, so far price fell to the 38% Fib, maybe
that's an A move down, then a B move up, then a C down.
The QQQ's are ahead and already in some sort of wave C down, and
into a support zone right now. I bought SQQQ yesterday, I
wasn't loaded in Puts. You wanted to know when to sell - well the
QQQ is alreayd into a support region, doesn't mean it's done yet
but it's hitting a first tagret area
that said - the general pubic is funny - their mentality is
opposite to ours. The farther and higher a rally goes, the more
overbought things get, the more bullish and risk averse the public
gets. For me the higher and farther and longer a rally goes, the
more nervous I become - it's the contrarian side that we deveop by
nature as traders
The KISS ssytems - I can tell the public, my friends, family,
neighbors, people I meet at a party - I tell them about the KISS
systems - I say: "The KISS systems are great because they keep you
in the uptrend, but give you an exit so that you don't have to go
through strong corrections/bear markets, like insurance"
when the market is rallying and rallying and rallying, no one
gives a shit - because they are risk averse, they don't think they
need any plan or exit strategy, they become more complacement the
higher the market goes
The only time they will have some interest and listen or take a
look at the KISS systems is after a very strong correction or bear
market where they took a lot of draw down and they are now open to
a different way. But right now- falls on death ears
who's everyone? we haevn't been calling
I'm sure everyone was gobbling up index puts with the ...
Posted by matt on 17th of Jul 2024 at 03:41 pm
who's everyone?
we haevn't been calling for some big top of anything, we think at best some sort of 4th wave, here's a 30 min SPX, you have a completed diagonal there, so far price fell to the 38% Fib, maybe that's an A move down, then a B move up, then a C down.
The QQQ's are ahead and already in some sort of wave C down, and into a support zone right now. I bought SQQQ yesterday, I wasn't loaded in Puts. You wanted to know when to sell - well the QQQ is alreayd into a support region, doesn't mean it's done yet but it's hitting a first tagret area
while money has rotated into Dow and IWM
I was being facetious. Very
Posted by DigiNomad on 17th of Jul 2024 at 03:46 pm
I was being facetious. Very few people buy protection when it's near the cheapest levels they will ever be able to buy it at.
I was posting about buying index put spreads over the last couple weeks and I think someone basically called me stupid. It's not a thing
yeah I know man. that
Posted by matt on 17th of Jul 2024 at 03:48 pm
yeah I know man.
that said - the general pubic is funny - their mentality is opposite to ours. The farther and higher a rally goes, the more overbought things get, the more bullish and risk averse the public gets. For me the higher and farther and longer a rally goes, the more nervous I become - it's the contrarian side that we deveop by nature as traders
The KISS ssytems - I
Posted by matt on 17th of Jul 2024 at 03:52 pm
The KISS ssytems - I can tell the public, my friends, family, neighbors, people I meet at a party - I tell them about the KISS systems - I say: "The KISS systems are great because they keep you in the uptrend, but give you an exit so that you don't have to go through strong corrections/bear markets, like insurance"
when the market is rallying and rallying and rallying, no one gives a shit - because they are risk averse, they don't think they need any plan or exit strategy, they become more complacement the higher the market goes
The only time they will have some interest and listen or take a look at the KISS systems is after a very strong correction or bear market where they took a lot of draw down and they are now open to a different way. But right now- falls on death ears
Lots of sells today in
Posted by mastermind on 17th of Jul 2024 at 04:01 pm
Lots of sells today in the KISS system. But that's bound to happen now and then.
Still printing money. Probably new
Posted by DigiNomad on 17th of Jul 2024 at 04:05 pm
Still printing money. Probably new highs by Friday....maybe tomorrow
Not that fast but believe
Posted by steve on 17th of Jul 2024 at 04:17 pm
Not that fast but believe they will come