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Post by lasvegas77 on Apr 25, 2017 11:31:51 GMT -5
Goldman Sachs is now touting what a great trade it has been to short volatility since 2009. This can only mean one thing. One huge spike on the vix is coming. www.valuewalk.com/2017/04/vix-etps/
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Post by novie08 on Apr 25, 2017 11:46:41 GMT -5
I think I prefer Argentina. It seems really pretty with those mountains. Just so it isn't Venezuela.
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Post by novie08 on Apr 25, 2017 11:47:32 GMT -5
Repubs have all 3 houses they "could" try and balance the budget but they are going to do the opposite. Damn we need a balanced budget amendment. What we really need is term limits.
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Post by ipath on Apr 25, 2017 11:50:10 GMT -5
You also just described a prolonged bull market though... It has been prolonged The thing is, when a correction sets in, people behave different if not not hedged, markets behave different when there are no bears. The sell off is faster and there are less people on the sidelines waiting to jump so the correction is deeper.. support levels are broken much easier
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Post by walnut on Apr 25, 2017 11:50:59 GMT -5
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Post by theMist on Apr 25, 2017 11:51:48 GMT -5
S&P has a double bottom and inverse Head & Shoulders in play that point to SP2430 area And even has a very large inverse H&S in play from last summer that measures SP2460-2470ish In short term, S&P should pull back and back test (circle area on chart). That would be spot to go long if missed this move and watch to see if backtest fails. IF S&P doesn't backtest and moves on to new highs, it will only add more fuel to selloff when it kicks in. So, what I am trying to say is that if S&P hits that large inverse Head & Shoulders target of SP2460-70ish without backtesting this weeks break along with breakout from SP 2300 then that will not bode well for markets in long run and markets will sell hard. That would be good spot to look into playing bear side (SP 2460-70 area).
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Post by ipath on Apr 25, 2017 11:58:56 GMT -5
S&P has a double bottom and inverse Head & Shoulders in play that point to SP2430 area And even has a very large inverse H&S in play from last summer that measures SP2460-2470ish In short term, S&P should pull back and back test (circle area on chart). That would be spot to go long if missed this move and watch to see if backtest fails. IF S&P doesn't backtest and moves on to new highs, it will only add more fuel to selloff when it kicks in. So, what I am trying to say is that if S&P hits that large inverse Head & Shoulders target of SP2460-70ish without backtesting this weeks break along with breakout from SP 2300 then that will not bode well for markets in long run and markets will sell hard. That would be good spot to look into playing bear side (SP 2460-70 area). You spoke wisely Mist! Too bad I cant see the chart, our work computers block everything.. I will look at it when I get home. thanks for sharing
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Post by walnut on Apr 25, 2017 12:06:38 GMT -5
Y'all are doing it wrong
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Post by clinton on Apr 25, 2017 12:52:31 GMT -5
wow AKS gapped up and got wrecked.
they had a good ER too
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Post by lasvegas77 on Apr 25, 2017 14:11:29 GMT -5
The vix is now green .65% on a day when the snp is up .75%. Looks like a turn around.
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Post by lasvegas77 on Apr 25, 2017 14:18:57 GMT -5
By the way, Has anyone seen 50cent?
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Post by theMist on Apr 25, 2017 14:39:09 GMT -5
By the way, Has anyone seen 50cent? yes - he's now worth 10cents lol
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Post by ipath on Apr 25, 2017 15:03:07 GMT -5
By the way, Has anyone seen 50cent? yes - he's now worth 10cents lol Actually, I think he expired
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Post by clinton on Apr 25, 2017 16:50:40 GMT -5
wow X down 20% more great earnings from our great booming economy
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Post by jacksrbtr on Apr 25, 2017 17:54:01 GMT -5
Repubs have all 3 houses they "could" try and balance the budget but they are going to do the opposite. Damn we need a balanced budget amendment. What we really need is term limits. Both
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Post by novie08 on Apr 25, 2017 18:17:55 GMT -5
Uh, let's see--plumber (which is a good job) or U.S. House Rep (which is access to the best healthcare, a lifetime pension, etc., etc.) No contest really.
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Post by walnut on Apr 25, 2017 18:27:12 GMT -5
Uh, let's see--plumber (which is a good job) or U.S. House Rep (which is access to the best healthcare, a lifetime pension, etc., etc.) No contest really. He made a big ruckus last week when he told everyone in a nasty town hall meeting that they don't pay him, that his dad's large plumbing company has paid more than enough in taxes to pay his paltry congressman salary.
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Post by theMist on Apr 25, 2017 22:20:38 GMT -5
Jim's video
He mentions the inverse H&S that I'm seeing along with expected backtest of breakout
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