Gotta love ZERO RISK in the SP500 = $$$

S2007S said:
s$p support around 2063, next support 2040 a break below there and 1970 looks to be next support, Im still calling for OCT 2014 lows!!!
More...

Eventually...but in the interim "rip your face off" squeezes will ensure that everyone is bloodied by the time we make it down there.
 
Rickshaw Man said:
These 8-10 point rips in SP, 100 points in the Dow, occur in the time it takes to use the restroom.

Running stops, such a crooked game.
More...

yeah..figured it would be that type of day following the 3rd devaluation...lots of buy em ugly spikes to counter the distribution.
 
S2007S said:
He's spot on....

Funny how just a year ago everyone was talking about peak oil and how oil was going to average $75-$100 a barrel and even some skeptics put oil as high as $150-$200 in the years to come, fast forward and oil is almost worthless compared to where they thought it was heading. I think there will massive defaults in the credit markets once oil pushes lower, there are probably going to be hedge funds and companies shutting down as there will be great margin calls to deal with.
Aside from that each day oil makes new lows the prices at the pump seem to be still higher than they were when oil fell to $43 earlier this year, paid $2.85 last week, that price should be more like $2.25, there is price gouging going on across the US as they aren't reducing prices at the pump as quick as they are falling....but the other way around, well we already know the answers for that...
More...

Same thing back in 06-07...it dropped something like 60% during the 07-08 crisis. Now look at grains, etc...more carnage there.
 
S2007S said:
Just sold XIV around $47 and SPXL at $90, that means market should turn green in about 28 minutes....made profits on both but was hoping to see at least a triple digit open this morning to really sell at a higher profit, still made money though....the triple digit open will probably come tomorrow since I have sold off both XIV and SPXL this morning.

as soon as I sold off SPXL it jumped .50 in less than 31 seconds...
More...

Checking this on the beach. Thanks for the update. I already sold my longs yesterday, and will probably join you short later today or tomorrow. It will probably frustrate everyone for another 24 hours.
 
You must log in or register to reply here.
Back
Top