Victor, Don't expect Jay to tell you the level he shorted. If he truly tells the level he shorted and the percentage he lost, he will scare all the readers away. Of course, if he uses option of Sept, a lot of his position has been expired and worth NOTHING.
I can tell you that Jay trades heavily on index options, not only the BGZ. His target is holding positions till ZERO, not like BGZ that only drops merely about 25%.
Jay, All cosmical clusters have been reduced to comical structures by this market. Market goes up, till it doesnt. You mentioned strong down days last week, today, tomorrow, but the tape is painting another bullish consolidation ready to break up tomorrow.
Reza, Market has been proven to be mostly random, which means most everything works some of the time but nothing works ALL of the time. Trade like the best poker players play, which is also random. Trust me on that.
Since I see so many people expecting the market to continue higher after the fed meeting today, I'm inclined to think that it will go down.
The market likes to steal as many peoples' money as possible. Since most Fed meetings have produced a rally, I believe they will do the un-expected today.
Scare the bulls with a nice 3 day down move, then scare the bears by rallying again next week.
I'm still short from Friday, and will remain there till this Friday. Then I will go long until the final top around 1100 spx is reached.
looks right to me
20 comments:
Jay is that at 15" chart?
And Jay, what is your current trade?
Short from what level? Thank you.
Victor,
Don't expect Jay to tell you the level he shorted. If he truly tells the level he shorted and the percentage he lost, he will scare all the readers away. Of course, if he uses option of Sept, a lot of his position has been expired and worth NOTHING.
In case you're curious what jay has bought recently, he's currently holding bgz purchased at $25.65 on Sept.4th so yes he does post trades.
http://twitter.com/jaywiz10534
x
Not trying to antagonize, I just think it would Help everyone if we knew when and what Jay was buying.
And Ravi too for that matter. Just sayin'
I can tell you that Jay trades heavily on index options, not only the BGZ. His target is holding positions till ZERO, not like BGZ that only drops merely about 25%.
Fred's latest Target is 1080 btw.
Going UP
kk
I took a small short position 12:37 pm by buying SDS @market, filled @ 39.24 , 100 shares
That was along with my last post on possible a,b, c at 1074.81, just a penny below Thursday hi
Thank you Ravi.
I meant 1000 shares SDs, not 100.
dropped a zero.
I almost never do options.
We may be doing 3 peaks and a dome.
http://thepatternsite.com/3peaksdome.html
I think we are on number 21 and may be we are looking for number 22 tomorrow or day after. Any comments
Jay,
All cosmical clusters have been reduced to comical structures by this market. Market goes up, till it doesnt. You mentioned strong down days last week, today, tomorrow, but the tape is painting another bullish consolidation ready to break up tomorrow.
Peter
Reza,
Market has been proven to be mostly
random, which means most everything works some of the time but nothing works ALL of the time. Trade like the best poker players play, which is also random. Trust me on that.
The top is near. I agree with jay.
MKT: The 3 leg turns R here (9/17,21,24), (9/17,21,22), (9/15,17,18), (9/21,22,23); Sept. OPEX comin [hot button 9/21] & then... :-)
HIGH: Sept17
LOW: Sept21
HIGH: ?
That's the 3 legged turn folks. WOW
Flash
Since I see so many people expecting the market to continue higher after the fed meeting today, I'm inclined to think that it will go down.
The market likes to steal as many peoples' money as possible. Since most Fed meetings have produced a rally, I believe they will do the un-expected today.
Scare the bulls with a nice 3 day down move, then scare the bears by rallying again next week.
I'm still short from Friday, and will remain there till this Friday. Then I will go long until the final top around 1100 spx is reached.
Got out of SDS after market yesterday with minor gain, when the next zig zag down did not develop towards end of day.
All cash now. Will enter short a bit higher, looks like 4 was done at 1057.46 and we are in 5.
Hi RED
Thanks for your very sensible and timely comments
I really like YOUR links
Some GREAT charts and analysis
SPX 1040 as RAVI mentioned several times seems to be very important and we should see that level this week.
IF NOT, then october 2nd is the NEXT FIBO convergence
and As I have posted several times
STILL expect OCT7 -9 to offer the
BEST SHORTING OPP of 2009
FLASH levels & dates
10,470
8400
October 10th
Nov 1st
Jay
Jay
Jay,
Any updates about the readings.
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