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After that a further move up cannot be excluded to 1.5270 - 1.53.
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MA
MarcinO
Rep: 67
Posts: 5,506
The Pound may need one more move up to 1.5170-80 before a larger move down.
After that a further move up cannot be excluded to 1.5270 - 1.53.
After that a further move up cannot be excluded to 1.5270 - 1.53.
RA
rat89
Rep: 0
Posts: 7,015
fomc and oe next week.....everyone is looking for a santa rally.....the question is from what level does it begin
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, the really nimble, very short-term traders could be long in here. But if one caught the move up, then down, is it a high odds trade? Imagine if one is sitting on like 50 or 60 points of profit right now. I don't think I'd want to get off most of that short in here for odds like this.
JI
jimkane
Rep: 3,058
Posts: 33,089
Recall the 'pin risk' is way below on options. This is also one of the biggest option positions in history. It begs for the 1800's. I think it's going to happen.
Originally posted by rat89
fomc and oe next week.....everyone is looking for a santa rally.....the question is from what level does it begin
RA
rat89
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Posts: 7,015
I think I saw your note on that. Can you explain? Or link again?
Originally posted by jimkane
Recall the 'pin risk' is way below on options. This is also one of the biggest option positions in history. It begs for the 1800's. I think it's going to happen.
Originally posted by rat89
fomc and oe next week.....everyone is looking for a santa rally.....the question is from what level does it begin
JI
jimkane
Rep: 3,058
Posts: 33,089
So, was that a last little push, now some bouncing, or chopping? Or just another feeble attempt, and more selling? I love selling, but I can't imagine it doesn't bounce a bit.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now I know my abc's, tell me when the S&P hits 400... Wait, that doesn't rhyme...
Originally posted by rat89
gotta love the setup
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