-70 already. Its over. Another bubbly scam comes to an end

Quote from murrica:

Oh man... sorry. I'm not a dickwad that is going to rub it in your face, especially if you really are holding short naked 1300 puts. Man..
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I hold 1300 naked puts because I want to own it at 1300
is it there yet?

by the way I bought some 1387 as by my previous call

up 3% almost from that price point

will close now half of the position
maybe will buy more on another pullback
 
Quote from stoic:

New lows.

Down 145. Day trade margin requirements set to 100% of Initial margin due to market conditions.
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We could see gold below 1000 again. Quite amazing. I wonder where the low point will be? Where to buy in again for the next peak 20 odd years from now, just in time for my retirement. :D :D
 
Quote from SimpleTrades:

We could see gold below 1000 again. Quite amazing. I wonder where the low point will be? Where to buy in again for the next peak 20 odd years from now, just in time for my retirement. :D :D
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we could even see it below 100 or even below 10

maybe you will have to pay to give it away for scrap
 
Quote from murrica:

Yeah, I'm not particularly enthused about making my target be the attempted reversal point. It's just a profit target based on a measured move rough estimate and one possible uptrend support.

In actuality the uptrend support is time-dependent so needs massive refinement.. it's still a broad stroke to use 1,400 as a target, particularly given the price action of the past two days. From eyeballing, it will probably be in the mid 1,300's, but I would have to confirm.
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Yes, this is nutty but pull up a log chart. Connect the bottoms. I'd suspect the lows it's carving out on the futures chart around 1350 - 1355 correspond to uptrend spt

edit: Need to fine tune this.. hang on
 
Quote from murrica:

Yes, this is nutty but pull up a log chart. Connect the bottoms. I'd suspect the lows it's carving out on the futures chart around 1350 - 1355 correspond to uptrend spt

edit: Need to fine tune this.. hang on
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This is still ROUGH (dealing with multi-year log charts..), but support is around 1315-1325.. Figure there will be some fudge +/-.

I'll be watching the price action in the coming days to see if the market respects this level, assuming we do get there.
 
What is there to analyze? This market topped out, crashed down. You can throw all your TA analysis, levels and S/R out of the window when volatility is through the roof.

I'd give this a couple weeks to settle down and gyrate around before even considering making a long entry here.
 
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