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Post by walnut on Jul 30, 2015 10:44:49 GMT -5
I should have resold VXX, but when did it look correct to do so? Even now seems not clear. Hindsight is always 20-20 Might end up being a green day after all If you watch VIX futures at www.investing.com/charts/real-time-futures-charts you can see a potential H&S forming. If symmetrical, it could drop to ~14 again (market up), then pop back to ~14.80 (market down, lower low) and then VIX crash (market higher high) Only a possibility to keep an eye out for. It's Thursday, and this would seem to be a pretty likely option for some whipsaw on tomorrows options. Of course ES >2105 and all this would likely fail since market would likely just then go to a new high.
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Post by huh on Jul 30, 2015 10:55:08 GMT -5
Hey Huh-- MNKD getting killed on SNY earnings. I got some at 4.08 for a swing trade. GL Nice grab, congrats. 4.41-4.45 is the resistance to beat now. 4.26 and 4.34 are the 61.8 & 76.4 FIB for today's drop - get over those and 4.40's should be an easy one 4.07 & 4.11 are primary supports now
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Post by Herceg on Jul 30, 2015 11:02:50 GMT -5
So far, looking like quite a bear trap! Didn't bail from my shorts. (Jack, please do not misinterpret this statement). LOL.............I can almost see Jack's mind working this now............. JMO and BOL.....
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Post by huh on Jul 30, 2015 11:15:42 GMT -5
So far, looking like quite a bear trap! Didn't bail from my shorts. (Jack, please do not misinterpret this statement). LOL.............I can almost see Jack's mind working this now............. JMO and BOL..... Bwahahaha
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Post by huh on Jul 30, 2015 11:26:42 GMT -5
Nice grab, congrats. 4.41-4.45 is the resistance to beat now. 4.26 and 4.34 are the 61.8 & 76.4 FIB for today's drop - get over those and 4.40's should be an easy one 4.07 & 4.11 are primary supports now Testing 4.34 now. This is its major bounce test for today. Primary support now 4.25.
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Post by huh on Jul 30, 2015 11:38:16 GMT -5
4.26 and 4.34 are the 61.8 & 76.4 FIB for today's drop - get over those and 4.40's should be an easy one 4.07 & 4.11 are primary supports now Testing 4.34 now. This is its major bounce test for today. Primary support now 4.25. MNKD testing that 4.41 now. Personally, I'd cash in on the swing long between 4.41-4.44, but I'd probably be wrong.
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Post by birthmark on Jul 30, 2015 11:49:17 GMT -5
LOL Huh. I'm already out at 4.39. Made $600 and don't want to be greedy. I think it falls back to 4
GL
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Post by Herceg on Jul 30, 2015 12:11:18 GMT -5
LOL Huh. I'm already out at 4.39. Made $600 and don't want to be greedy. I think it falls back to 4 GL Great trade Birthmark !!!!!
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