Starting it off.
Next couple of weeks may turn out to be hard for me to post apart from two maybe three hours before the cash market close. I hope to come back to my usual forum activity soon.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm only at 400,000, but I want to add another 100,000 here. I know I should add 200,000, but I'm close to my max limit. (Yes, this is a joke.)
JI
jimkane
Rep: 3,058
Posts: 33,089
It's curious, with the Naz getting pile-driven, AAPL is up (nominally).
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I added that 100,000, so I'm at 500,000 contracts. I'll stop with that, for now. (Yes, this is a joke.)
JI
jimkane
Rep: 3,058
Posts: 33,089
The real question is how many contracts was I short on the way down?
MA
MarcinO
Rep: 67
Posts: 5,506
I bet zillion +/- five contracts.
Sorry not to post something more serious, but it's still in the area.
Sorry not to post something more serious, but it's still in the area.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, is that the lower degree 'W2' higher low there? Ready for the European session overnight run up? If this got going I'm thinking it may bounce as high as mid to upper-70's. If they just don't have the juice then perhaps 53ish or 58.50-59.75. Keep in mind there is a nice .447 at 63. It depends on how fast it gets there (I'm not saying this must happen by tomorrow (or will even happen at all)), so I can see how the lines come in to the Fib levels. Do the work and you'll have an idea where to look. I'll say one more time, though, it won't break my heart if they pound it down more before they bounce it. I'm just not expecting it.
JI
jimkane
Rep: 3,058
Posts: 33,089
I see no issues with new all-time highs soon. How those 300,000 contracts looking now (yes, this is a joke)? I knew as soon as one 'guru' was saying we are heading down a bit further, and another was talking way, way down (after being a monster perma-bull, he got flipped so fast by the action he got real bold near the lows), I was certain we'd be headed up big any time there. I am now waiting for them to flip back in their calls, and go on about how this was a failed breakdown, so the 'bull' is about to explode in the breakout of the century. That has me wondering if we perhaps won't make the new highs. I have to see when they flip back to gauge that sentiment. In other words, I use them to give the me the precise point where they are the most wrong they can be.
As an aside, be very, very watchful right in here, this is big.
As an aside, be very, very watchful right in here, this is big.