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covered for $1.25 on the short and on the sidelines now

25 is a magnet now, we'll see what happens there

still short.. nice downside action last couple days

If I get an SPY 100 put option for April 11 that is $.31, (and SPY is 128.25 now), does that mean I would make the difference 28.25 if SPY hit 100 by april 11 or, approx 100:1 on my money?

Thanks for that entry, I'll cover in a few months... maybe

w4 overlaps into w1 -> best i can see is a bunch of three's now on bigger time frame which will keep melting down

This is how I currently have the long term count labeled.

hey wallace -> Inclined to agree with your long term euro count with is currenctly in a wave 3 down (monthly chart). Assuming major 2 is in and we are now in 1 down, I'm looking for a completion of 4 of 1 (of 3) somewhere around end of week / early next week. At that point we should be...

No one in their right mind would give you any money.

Trading parabolic moves is like russian roulette, good luck. edit: regarding silver

nope i believe it was up 115 bucks one day back in 2008

Took out the highs today, have an ultrabullish count off the recent lows that would push us up at least 100 bucks from here. Just one scenario, trailing stops are key at these levels.

update: i'm favouring the bullish count (especially with gold having put in an inverse h&s) but it will not become validated until the 1.4079 high is taken out. I'm flat until the pattern becomes more obvious.

I know very to little about options but what I think will happen is either a big move up or a big move down after the fed meeting. What's the best way to play this so the only way I lose is if the market stays flat?

nice call homie

whatever asshole

lol that guy called a top at least 10 times in the last month

update:

morning's gap filled, let's see what direction it takes now...

gap fill is on crack