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post #136341 of 136697
Quote:
Originally Posted by stevesteve121 View Post

vix hod 

 

spy hod



I noticed that too..looks like the VIX maybe found a short-term bottom this morning

post #136342 of 136697

It does appear to be a opportunity to short but I have`nt built up the confidence to pull Da trigga... volume has been comin in pretty good on the upticks when it counted and this pull back appears to be just profit taking..biggrin.gif

 

profit.png

post #136343 of 136697
Quote:
Originally Posted by o7media View Post

SD just went nuts eek.gif

 

edit: just got halted at $8.00 ..crazy

 

edit: opened back up ..$8.23



SINA went nuts too eek.gif

post #136344 of 136697

EOD short covering rally?

post #136345 of 136697
Quote:
Originally Posted by rando View Post

I would not touch a short here by rule today, without a decent break below 1247 (has held as low for 2 hrs) unless we ramp up a bunch then roll over hard, or get some amazing signal from another asset class which seems highly improbable at this point. Since I let the market breathe before acting, i missed the long entry under 1242 and since then have been either away or not interested in being long on this marshmallow move.


Fully agree Rando. thumbup.gif Volume is needed to go down but not up. I think people know that when volume comes back there will be more downside than upside. If we get through 1240 with a forceful move watch out below.

 

I have a theory that I am watching to see if it plays out. When we broke out of that long downtrend channel from the Dec 12 high to the December 20th break of the upper trend line I decided to adjust the upper trend line of that move to the top of the AH gap up. I expect this to be retested before we can go through 1260 to the upside. Time will tell if I am right or not but that gap up didn't make any sense after 4 good attempts to get to the upper trend line in 8 days? 

post #136346 of 136697

When was the last time you shorted? Fess up

 

Quote:
Originally Posted by rando View Post


Dave, I don't understand why you think this is weak. This is patented Santa action. Volume dried up like a raisin. There are no sellers, paper buyers only, just slowly letting price trickle upstream. Tuesday's price action was similar but a lot faster, price just went up up up with maybe 3-4 point pullbacks at most during a 30 handle up move. Today we are getting 1-2 point pullbacks during a 10-15 pt move. I think Wednesday is going to be the day to get short, for the short term.


 

post #136347 of 136697
Quote:
Originally Posted by exodus View Post

When was the last time you shorted? Fess up


 

October 2007 laughing.gif

post #136348 of 136697


 

Quote:
Originally Posted by Money Game View Post



Fully agree Rando. thumbup.gif Volume is needed to go down but not up. I think people know that when volume comes back there will be more downside than upside. If we get through 1240 with a forceful move watch out below.

 

I have a theory that I am watching to see if it plays out. When we broke out of that long downtrend channel from the Dec 12 high to the December 20th break of the upper trend line I decided to adjust the upper trend line of that move to the top of the AH gap up. I expect this to be retested before we can go through 1260 to the upside. Time will tell if I am right or not but that gap up didn't make any sense after 4 good attempts to get to the upper trend line in 8 days? 

 

 

 

 

 

 


got ourselves another bull here

 

filet_mignon.jpg

post #136349 of 136697

Shorted SD at $8.23 with 7.5 puts jan 12 in at $.30

post #136350 of 136697
Quote:
Originally Posted by daande View Post

Shorted SD at $8.23 with 7.5 puts jan 12 in at $.30



ballsy, good luck thumbup.gif

post #136351 of 136697
Quote:
Originally Posted by o7media View Post





ballsy, good luck thumbup.gif



 

I figure I have until january 12 for some people to take some profits.

post #136352 of 136697
Quote:
Originally Posted by daande View Post

I figure I have until january 12 for some people to take some profits.


January 12th?

 

post #136353 of 136697
Quote:
Originally Posted by stevesteve121 View Post


 

 

 

 

 

 

 


got ourselves another bull here

 

filet_mignon.jpg




I thought I shot all the bulls yesterday. If we follow the trend, what does that make us?

post #136354 of 136697
Quote:
Originally Posted by daande View Post



 

I figure I have until january 12 for some people to take some profits.



 



Quote:
Originally Posted by o7media View Post


January 12th?

 



Jan 12 expiration date on those puts.

post #136355 of 136697
Quote:
Originally Posted by exodus View Post

When was the last time you shorted? Fess up

Zero trades today, two longs and one short yesterday, the short was SPY Dec quarterlies, I think the 126s, for a quick scalp. Did not have a lot of free time and glad I didn't because I probably would have held longer and seen the small scalp profit turn flat or red. I do my best to separate my larger view of where markets are headed on daily, weekly, monthly time frames and just play whatever that day gives us. But that isn't always easy as sometimes we are fighting the thinking part of our brains.


This light volume makes it a lot easier to hold levels. look at how many times they have painted ES 1249.50 day session high. Now look at the first hour high, no surprise to find it's 1246.25... and how many times have they touched that in the last two hours? This is just a theta vapor lock from here until next week.
post #136356 of 136697
Quote:
Originally Posted by BobK View Post




I thought I shot all the bulls yesterday. If we follow the trend, what does that make us?



the day that all the bulls die is the day that bears should duck for cover.

 

still miles and miles of dem cows running around

post #136357 of 136697

wowzers

 

huge EOD placement

post #136358 of 136697
Quote:
Originally Posted by daande View Post


Jan 12 expiration date on those puts.



lol you mean Jan 20th....

post #136359 of 136697

it says jan 12.  Even better! Does that mean my LVS calls I have been holding for a week expire jan 21?

post #136360 of 136697
Quote:
Originally Posted by daande View Post

it says jan 12.  Even better! Does that mean my LVS calls I have been holding for a week expire jan 21?



Jesus that is amazing! hahahahahahaha wooooo :)

 

http://www.marketwatch.com/optionscenter/calendar/2012

 

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