Forum Replies Created
-
Posts
-
Question for all traders. Do you use futures or options contracts to trade spoos?
Option premiums so high e.g 2400put for June is priced 72 on IG.
So even trying put spreads quite costly as margin is not offset for the sell position.
Jeff also has an outstanding MEJT target of 2436.55 from 25th March.
No time limit so we could also go down from these levels.
So would love to see Hatmans 2800 or 2900.
Will see how things pan out day by day. Can’t see how people would want to hold long into a BH weekend although US is open on Monday.
http://www.timesymmetry.com/daily-comments.htm
I have just started reviewing some of my bookmarked free sites. Look at Tom Mahoney panic scale in the link above.
If you scroll down on the site and look at dates for Feb and March they are fairly accurate: A shame I did not pay much attention at the time!
14.2.20 spike: ( High) market close was close 3380 six was close to the high
21.2.20 spike : ( High) spx closed down at 3338 from a high of 3365 and then started to fall ++ the following few days -111, -97, -11, -137, -25
28.2.20 spike actually a ( Bottom) Market open 2968, lowest 2854 closed at 2990.
21.3.20 was a Saturday but Friday 20th March spx open 2366 , low 2270, H 2509, close 2280 on IG charts.
Then on Monday 23.3.20 ( Low) there was reversal day after a scary globex open Sunday where spx went to 2184 and closed the following day 2201 . we have rallied more or less since.
I am watching this up coming cluster carefully : 8th April, 9th , 11th and 14th .
Hoping it explodes higher and starts to reverse before or after the weekend for a swing short .
Merlin Patterns have been fairly accurate of late. I would love higher to short into end of week.
Sorry just got home. I can see Jeff Tennant (eye balls) has a MEJT of 2735.5 for today. Often acts as resistance. I know Zarif said he did not mind revealing his posts.
Who would have thought market would go up so much after yesterday. Would love another exaggerated move down to March lows and beyond.
It is also a long weekend approaching. who would want to hold longs into a 4 day BH? Most have been down that all changed last weekend.
An early low has come and it seems keen to go back into an uptrend. I personally feel a gap fill has started to fill todays gap, but it may need the 4.30pm time, the 6.30pm time or crookshour to fullfil. .
i was waiting for 2677 spx to fill in first instance.
do you still rely on your old Gfs?
I can see weekend FTSE and DOW have turned positive after being down -70 and -200 respectively despite all the bd news. On Friday the market was down but so was the Vix.
Does anyone use the Vix . Used to recall the market would dip in the week preceding OE and rally massively . That stopped working in March 2020 no surprise. Waiting to see what happens next week.
Brilliant, well done Houd. Kitsu … I think you may have the same problem too. Can you please let me know when you get chance. Thank you.
Hi,
I unsubscribed and all is OK after resubscribing.
Hi everyone, nice to see some old faces. Nice to see Pritpal won the Queens award. Thoroughly deserved. At the moment personal health and the well being of ones family is paramount as we don’t know what tomorrow holds.
If the market falls further my plan is to purchase some index trackers and hold it for a while. This is unprecedented and many have been trained to buy the dip so the market could go lower into April before further increases. I feel sorry for all the small businesses or self employed and those who have been made redundant.
