Yes I lost a lot of money shorting the market since market has fell 4% since I posted my positions on Sept 18
Want to guess what the market does now that it has touched 2890 SPX ?
I'm out of my shorts and targeting a 50 point squeeze from 2988
The S&P 500 topped at 3017.8
- Thread starter volente_00
- Start date
Want to guess what the market does now that it has touched 2890 SPX ?
I'm out of my shorts and targeting a 50 point squeeze from 2988
And 2890?? Yep. Sixth time's the charm.Breached 2940? Yeah. For the sixth time, give-or-take.
["That's not earning him any cred, is it." Noooo. No, it's not.]
["Eventually??" Yep. Eventually.]
I'm glad you're out and glad for any profit to you. Right now, I don't feel like I have the testes to call it -- I see a market approaching a cusp again: a V-Bottomⁿ where n=√tweets -√data. "Meh!" Last night, I was sure we were (short-term) oversold -- but the Euro-open said otherwise. The euro-close right now *sniffs* of low volume=low interest in selling any more. But it's too early to suggest a close above 2900........
[EDIT 11:31] If things are as flaky as I suspect they are, then the loss of European capital (11:30euro-close) and this announcement from Microbloat, will be enough to stop the slide, and send us higher into the close.]
https://www.cnbc.com/2019/10/02/mic...rtphone.html?__source=newsletter|breakingnews
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That's one of my favorite Larson panelsDo you remember Gary Larson's The Far Side cartoon? The one about "What we say to dogs" versus "What they hear"? That's how you might take these calls.
Volente said, "Market blah blah blah Top. Down massively to blah blah blah before it gains blah blah. This will be good blah blah blah blah weeks blah blah."
If you just acted on that, he'd nailed it. Forget the 26xx{?} part -- "Phew!" If you held it as "good" for short amount of weeks {not the months{?}-long dire prediction}, you're good again! Just take the timing and the direction, and you'd've made money.
So, back to Gary Larson....
Or it could be 1987 and go straight down.
My VXX is up nicely today
Did I not say it was going to rally hard soon I never bought ...I was buying other short etfs which I have been selling on this sell off...selling way to early.
Sold recently
SMDD
DRIP
LABD
DWT
OILD
FNGD
Got rid of those in the last few days Missing out on huge gains today without those.
No worries If trade talks go well next week (which they wont) I'll be buying all those short etfs back when dow gets back to 27000+
But trade talks will fail and markets will probably fall 5% + that's my guess
You seem to be sure that the trade talks will fail from your other posts, so you should just shoot for the -5% to be consistent with your views.
And 2890?? Yep. Sixth time's the charm.
["Eventually??" Yep. Eventually.]
I'm glad you're out and glad for any profit to you. Right now, I don't feel like I have the testes to call it -- I see a market approaching a cusp again: a V-Bottomⁿ where n=√tweets -√data. "Meh!" Last night, I was sure we were (short-term) oversold -- but the Euro-open said otherwise. The euro-close right now *sniffs* of low volume=low interest in selling any more. But it's too early to suggest a close above 2900........
[EDIT 11:31] If things are as flaky as I suspect they are, then the loss of European capital (11:30euro-close) and this announcement from Microbloat, will be enough to stop the slide, and send us higher into the close.]
https://www.cnbc.com/2019/10/02/microsoft-unveils-surface-duo-smartphone.html?__source=newsletter|breakingnews
I buy fear and sell greed