The S&P has topped

The S&P has topped


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I think 2 weeks ago I posted that I expect this market to turn around mid-March, so long term.

What day is it? Oh, the 15th!!!

Disclaimer: Keep in mind, I am participating here in the futile game of calling a market top/bottom.

Edit: Original thread describing the pattern from 8 years ago:

https://www.elitetrader.com/et/threads/dragon-pattern.154290/

Funny part is page 20, where I got into an argument with Volente. He didn't believe in the Dragon's predictive power!!! Oh, the fool!!!
Your top was breached 20 minutes ago. Apparently was a short term top.
 
I think 2 weeks ago I posted that I expect this market to turn around mid-March, so long term.

What day is it? Oh, the 15th!!!

Disclaimer: Keep in mind, I am participating here in the futile game of calling a market top/bottom.

Edit: Original thread describing the pattern from 8 years ago:

https://www.elitetrader.com/et/threads/dragon-pattern.154290/

Funny part is page 20, where I got into an argument with Volente. He didn't believe in the Dragon's predictive power!!! Oh, the fool!!!

Believe in a short covering bounce ?
 
this is the definition of a revenge trade.
What seems problematic to me is that the stop is 35.25 points away, but the profit target is only 20.25 points. The R:R doesn't seem appropriate, unless of course one has a very high winrate with a risk that is almost twice the reward.
 
this is the definition of a revenge trade.

I've observed dozens (maybe more than a hundred) of live calls from Vol, opposed to your 3 calls, he knows what he is doing. He is obviously seeing what I am seeing, whatever the methodology being applied.
 
I sold above the market yesterday, between 1400hrs and 1500hrs.
{"Yipes! But the vol! The vol!"}
and, with vol falling today, feel like I'm staring into another short squeeze over the next week.
{"But the market is red, dude. That's 'down.'"}

So, I've got a bunch of vintage stuff on the bottom, and am looking to buy it back and move those capital slots up, while cutting the top-side exposure in half. Going to be a busy day.

Net, my rough window would be going from
2400-->2330 (70pts)
to maybe
2415-->2350 (65pts, but shorter-lived)

I wish I felt like we were getting a stronger move. My exposure right now is low, but it's too close. But I hate writing without having a tide on which to float.
 
I sold above the market yesterday, between 1400hrs and 1500hrs.
You are so full of shit. You always post this shit way after the fact. You could have even posted this morning during the opening grind before we knew which way it would break, but no, you wait until price has dropped sufficiently before posting. Perhaps all your messed up "yipes" and stupid language that is very confusing is enough to distract some posters, but this call of yours that is over 12 hours too late is bullshit.

But I hate writing without having a tide on which to float.

This is an example of your bullshit.

Edit: And what does selling above the market even mean? You sold at a price that was higher than the market even got to? I wouldn't be surprised if these are the fairly tale fills you seem to want to claim.
 
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