Chain Reaction Sell Off Tomorrow?

added a slight bit of leg work here
(~past 7 months) for QQQQ max pain.

The variance is pretty wide for the 3 day target and actual closing on OE day. While the range is up to 5% difference of 3 days before OE, all (but one ~0%) prior cases had prices RISE between 0-5% above prior max pain target on OE. Might go back farther upon request.
 

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dtrader: you should indeed look further back than last 7 months for your max pain theory. The prior 7 months were an almost unprecedented bull run with miniscule pullbacks so not surprised that max pain would be exceeded by 5% each time
 
If we just trade under the lows from this correction (last week), the odds are good that we'll see more of a drop...I've got my Apr SPY puts and will continue to pick up more with conservative stops...I say fucking bombs away!
 
Quote from Bowgett:

This time sell off is MADE IN USA :)
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I agree. It's go time and the RE market is the bed of security for a lot of people...looks like it's going to continue to get uglier and the government feel the need to step in to stop the bleeding.

It's the tech bust in lending which is bigger than the tech bust ever was.
 
I am starting to get worried here after riding the bear side today. I think too many people are loaded into puts (high put/call ratios) and also loaded in short ETFs like QID (just look at the volumes). Soon there will be a counter action from bargain hunters and the markets will easily record 2% upside. I am getting ready though!

http://lauristonletter.blogspot.com/
 
"dtrader: you should indeed look further back than last 7 months for your max pain theory. The prior 7 months were an almost unprecedented bull run with miniscule pullbacks so not surprised that max pain would be exceeded by 5% each time"

Good pt. looking back over a year, it did indeed tend to drop 5% from D-3 to MP during that mid year leg down (may-jul) last year. Just neutralized that hypothesis.

Bombs away QID.:D
 

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the technicals on the s&p favor more downside from here, and the yen carry is quickly killing profits for many, watch the yen get some serious buying tonight and tomorrow as people run for hedges to stop the bleeding.

i'm turning japanese i think i'm turning japanese i really think so.....
 
Quote from Comanche:

i'm turning japanese i think i'm turning japanese i really think so.....
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One of my favorite lyrics of all time comes from that tune:

I've got your picture, I've got your picture
I'd like a million of them all round my cell
I want the doctor to take your picture
So I can look at you from inside as well
 
mushroom_cloud.jpg
 
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