Kudos to MMs

Quote from tradingjournals:

How do you think it should be played, and when do you think it might start?
More...
Sell red SPX. Go flat green SPX (if trade overnight session, sell red ES and go flat green ES). Real simple (you can also sell momentum, say sell on three ticks down, so sell the fourth, buy back on new HOD stop loss. The overnight session is its own "day" so you want to be flat into the open. Then follow Sell red SPX... Repeat). Hopefully with a 30 VIX you don't get whipsawed.

Do this immediately. I thought today we would go red, but I missed something. Tomorrow we have another decent chance of red, but Wed, I tell you this GOES RED BY THEN. If OFV goes above SPX, Stop.
 
Quote from nitro:

Sell red SPX. Go flat green SPX (if trade overnight session, sell red ES and go flat green ES). Real simple (you can also sell momentum, say sell on three ticks down, so sell the fourth, buy back on new HOD. Repeat). Hopefully with a 30 VIX you don't get whipsawed.

Do this immediately. I thought today we would go red, but I missed something. Tomorrow we have another decent chance of red, but Wed, I tell you this GOES RED BY THEN. If OFV goes above SPX. Stop.
More...

Thanks Nitro. I will keep an eye on what you write in here.

BTW, how is the stock model going?
 
Quote from tradingjournals:

Thanks Nitro. I will keep an eye on what you write in here.

BTW, how is the stock model going?
More...


Im sure the model is fine, since it doesnt follow itself. following the model will result in what's know in the trade as a reaming.
 
I'm up late tonight downloading sentimental crap from iTunes, and watching the futures as I listen to the newly acquired tunes. Earlier tonight it looked like we might be developing a bearish theme, but that's dissipated. At the least, right now, it looks like the unpleasantness will have to wait until Wednesday. Or at least that's how the odds stack up right now to this drowsy and sentimental fool.
 
Don't be fooled by apparent mildness of the sell-off. This accelerates this Wed-Fri, with a possible culmination of a huge sell-off on Monday.

What if no crash, what is the likely point we settle? Probably somewhere 1142-1172. If we crash, well, it will be 1050 or less, or approximately where CFV is now.
 
You must log in or register to reply here.
Back
Top