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Post by theMist on Dec 10, 2018 23:31:07 GMT -5
Jim's video
We saw a good bit more weakness today than I had anticipated based upon the small descending wedge that looked like a decent
sign that a short term bottom was forming. But, even with that weakness, the markets finished in the green. This video looks at
a couple of new trend lines that are again telling us different stories. You have to be the judge as to which one to believe at
this point - or choose to wait for the page to turn and the next chapter to be revealed to us....
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Post by dino on Dec 11, 2018 8:36:49 GMT -5
ES painting a nice iH&S reversal. With how these gap ups have been sold into lately, I'm thinking back test at the open ~2654. Pattern currently measures ~2718 if it plays out. I'm actually hoping they don't back test it. That usually means it's manipulated to burn shorts and make longs chase. If that happens, high odds we get a nice strong (but short) santa rally. Or.... this thing could sell off to the bowls of hell again and be -40 by 10am. lol  |
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Post by clinton on Dec 11, 2018 9:41:49 GMT -5
LONG CHK CALLS and done for the day SOLD +27% |
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Post by clinton on Dec 11, 2018 9:46:42 GMT -5
LONG XLF PUTS
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Post by walnut on Dec 11, 2018 10:16:19 GMT -5
Waiting for the sale prices, gonna "invest" maybe like a real adult lol
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Post by theMist on Dec 11, 2018 10:23:52 GMT -5
so far so good lol S&P Daily Chart
Just a question of how high before the rollover  |
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Post by theMist on Dec 11, 2018 10:28:07 GMT -5
Expecting monthly dividend play O to keep running and retest its all time high 72.30 - it's been on a serious run
DRV should retest all time low 8.28
BTW - noticed that (as of yesterday) FAS, FAZ, DRN, DRV, TNA, TZA ARE ALL NEGATIVE FOR THE YEAR
Those scams have still been reliable unlike the VIX SCAMs
Shorted about 5k shares DRV yesterday on that pop for a long term hold
Looking to add O on a pullback if gets one lol
Also, looking to short UDOW, UPRO at higher prices also for long term hold
GL ALL
ttyl
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Post by clinton on Dec 11, 2018 10:56:20 GMT -5
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Post by clinton on Dec 11, 2018 14:14:38 GMT -5
LONG CHK CALLS
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Post by dino on Dec 11, 2018 15:12:24 GMT -5
ES painting a nice iH&S reversal. With how these gap ups have been sold into lately, I'm thinking back test at the open ~2654. Pattern currently measures ~2718 if it plays out. I'm actually hoping they don't back test it. That usually means it's manipulated to burn shorts and make longs chase. If that happens, high odds we get a nice strong (but short) santa rally. Or.... this thing could sell off to the bowls of hell again and be -40 by 10am. lol Pffftttt… so much for that.  Looks like a dH&SS pattern now. (detached head and smashed shoulder) But then again, here come the bulls with another bottoming tail to end the day? |
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Post by dino on Dec 11, 2018 15:16:12 GMT -5
Are we back to buy the dips and sell the rips?!?!?
(joking)
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