usctrojan99 wrote:If we can get back up to 1350, I may buy some 2/18 134 SPY puts.
Been watching those puts, they were trading at 1.30 the other day, now on sale at .90. Don't know if you will get your wish for 1350 again today...we may begin to sell off towards the close....
usctrojan99 wrote:If we can get back up to 1350, I may buy some 2/18 134 SPY puts.
Been watching those puts, they were trading at 1.30 the other day, now on sale at .90. Don't know if you will get your wish for 1350 again today...we may begin to sell off towards the close....
As much as I would like to believe we sell off toward close I just don't see any real volume to make it happen. For now, no volume equals grind higher. At some point it will stop, I just don't know when. It could last this way for several more weeks.
yeah i have stuff from helene meisler (she has the original documents by the dome guy--that shows exactly that may to aug thing. the last move in the pattern is usually highly gung ho--this time maybe (??????) something like 1450-1600 area. personally the pattern is far to complex for me--but as of 3 weeks ago we were certainly looking close to the classical model.
knurbs wrote:Tradergirl- I get Merrimans point but (unless your in Asia somehwere) Feb. 9th is Thursday.
I think he got his dates mixed up, Venus conjuncts Uranus Thursday (evening) which may cause some trend change on Friday....
Remember + or - 4 days,would not short until we get 1362 +,1372-76 ideal.Still think we get positive move on Greece news ,then after they sort thru the mess we go down
+
To confirm trend change ( I'm using your 15min chart as guide), does price has to come back up to restest at least at rectangle target 115.22, then fails and drops below today low 134.31, or it does not have to retest today high as long price drops below 134.31.
knurbs wrote:Tradergirl- I get Merrimans point but (unless your in Asia somehwere) Feb. 9th is Thursday.
I think he got his dates mixed up, Venus conjuncts Uranus Thursday (evening) which may cause some trend change on Friday....
Particular meeting is announced on thursday by Jean Claude Juncker (eurogroup) at 18.00 GMT with end on friday...it fits into plan
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
btw, the entire greece thing is ponzi imo. there are 3 versions of deadline. all official. the latest one is 3/27.
if we don't see a finale, they r going to give us another multi-pack crap
Last edited by soku on Wed Feb 08, 2012 2:53 pm, edited 1 time in total.
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knurbs wrote:Tradergirl- I get Merrimans point but (unless your in Asia somehwere) Feb. 9th is Thursday.
I think he got his dates mixed up, Venus conjuncts Uranus Thursday (evening) which may cause some trend change on Friday....
Remember + or - 4 days,would not short until we get 1362 +,1372-76 ideal.Still think we get positive move on Greece news ,then after they sort thru the mess we go down
+
To confirm trend change ( I'm using your 15min chart as guide), does price has to come back up to restest at least at rectangle target 115.22, then fails and drops below today low 134.31, or it does not have to retest today high as long price drops below 134.31.
Thanks for your response in advance
does not have to revisit exactly the previous high.
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knurbs wrote:Tradergirl- I get Merrimans point but (unless your in Asia somehwere) Feb. 9th is Thursday.
I think he got his dates mixed up, Venus conjuncts Uranus Thursday (evening) which may cause some trend change on Friday....
Remember + or - 4 days,would not short until we get 1362 +,1372-76 ideal.Still think we get positive move on Greece news ,then after they sort thru the mess we go down
+
Also he missed badly in Jan. I believe 3 rd week
the January turn was a lunar turn date, which can have an affect but can be minor, this change on Feb 10th is a cycle turn, more significant, which usu leads to 4% or more pullbacks...