Can't wait til this insane market crashes. It's been painful holding shorts. I think we tank badly Friday or Monday. Other markets like in Asia have been weak, yet we go up on super light volume. We will probably see a repeat of last Thanksgiving where a whole week's gains was destroyed in one day.
I'm calling it. The top is in. Today's massive drop in the dollar had little effect on an exhausted market. It wouldn't surprise me if we tank badly Friday. Nice fill on 1109. I think further than 1082 is in the cards
Whew! Looks like Friday could be a huge gap down. I'm loaded short from around 1105 last Monday I might actually break even if this weakness holds. Looks like 1112 was at least a temporary top. Anyone still short?
This chart from Helge visualizes my outlook thru Dec7th
I'm ading my 2nd and 3rd positions Short and will probably add a 4th on Friday morning.
ReplyDeleteIt's going to be a good post thanksgiving day holiday.
y
Added more to large short position. This market is ready to puke.
ReplyDeletex
I am short from ES 1109. It is at a resistance. at least 1082 is in the cards.
ReplyDeleteThis is interesting from Morning star.
ReplyDeletehttp://videos.worden.com/videos/bms112409/playvideo.html
worth watching.
Can't wait til this insane market crashes. It's been painful holding shorts. I think we tank badly Friday or Monday. Other markets like in Asia have been weak, yet we go up on super light volume. We will probably see a repeat of last Thanksgiving where a whole week's gains was destroyed in one day.
ReplyDeleteI'm calling it. The top is in. Today's massive drop in the dollar had little effect on an exhausted market. It wouldn't surprise me if we tank badly Friday. Nice fill on 1109. I think further than 1082 is in the cards
ReplyDeletest
Jay - based on your charts. .. is there a time on Friday that you are getting as a good time to go short ?
ReplyDeleteI know you mentioned 8.30 am ... but mkt opens at 9.30 am on Friday....
Whew! Looks like Friday could be a huge gap down. I'm loaded short from around 1105 last Monday I might actually break even if this weakness holds. Looks like 1112 was at least a temporary top. Anyone still short?
ReplyDeletegsp
GAP UP!!!!!!!!!!!!!
ReplyDeleteFriday morning.
jOsh1ngU
Good luck w/ that gap up call LOL FuTuRes, AS1a, the EuRo alL CrasHing Gap Down!!!!! ;)
ReplyDeletet
btw
ReplyDeleteHappy Thanksgiving to all who held on to sell on strength on Friday.
You just missed the entire correction.
You might as well buy on Friday for the next leg up.
lol
Benny