Who would call a SP BOTTOM?
- Thread starter MarkBrown
- Start date
I wouldn't call in a bottom but I sure would say we have a bounce to the 20 day. My bias is still to the downside but I don't mind going long if it makes sense to me.
I wouldn't mind touching 1220 and bouncing back to the 200 day. That is what I would like but I am sure it won't happen.
I wouldn't mind touching 1220 and bouncing back to the 200 day. That is what I would like but I am sure it won't happen.
daily data - guess you were hoping for a 1 tick solution? sorry i save those calls for my private use.
http://www.yafeu.com/stan/spband.html
also agree this is not a long term bottom but a shorter term call like one poster eluded to.
mb
i called the bottom within a day - i have published this formula free on the internet many times and as anyone can see - for option writing of which this was developed - it's as good as it gets. to sell puts would have been a good thing. now i will call the top when i see it and so on as everyone just keeps guessing "crazy huh?"
mb
mb
I was very bullish for the month of August.
From a monthly view point, we dropped below the 20 and 50ema on a monthly back in June. However July and August failed to break above those levels. I think we are setting up for the next leg down. We could very well test 1310 but I don't see us moving any higher than that. Just my opinion.
From a monthly view point, we dropped below the 20 and 50ema on a monthly back in June. However July and August failed to break above those levels. I think we are setting up for the next leg down. We could very well test 1310 but I don't see us moving any higher than that. Just my opinion.
it went about 25 points against me if you figure from the close like i did or even if you figure from the low as well it still was only 25 points against me.
i would like to see anyone stick their neck out with a real name like me and try and predict with conviction what i do. NO one can do that - i can.
i can do it as i always have since 1996 i have posted trades on the internet BEFORE i take them and as i take them in real time.
i have seen countless others come and go in this business, they all come and go and myself a few less vocal talk about the history of who has come and gone and laugh about the battles i have fought with those blissfully ignorant random participants. figure that out.
mb
ps i sell systems i don't need, trade, fore-tell, advise, teach, love, hate and race amongst other things!
ALSO I do often have trades that go against me 50 points I have no fear of trades moving against me at all. I never use stops and am always in the market. I'm not like little scared money traders who pass out with a tick against them. I am always correct on big moves like hundreds of points and that's what counts in the long run. I know how long it will go and how far - it's a study of amplitude and magnitude.
there now go own the world.