Today we saw a double swing trap maneuver....something for everyone.
Closed almost unchanged after all that.
Our local pimp is looking into this drone thing as well. Pretty soon, your #$%$ may be air dropped into your yard after placing your order online, and pick her up from your door step at the allotted time.
As stock futures look weak.
Yesterday was double POMO day, today's POMO is nothing to sneeze at either.
However, stock indexes were down pretty good on double POMO.
When you state your exact trade on this MB, you're showing your hand, point blank.
The SEC is contemplating making it illegal for brokers and affiliates, clearing houses, platform providers, to use these message boards and other social media during trading hours, for some reason.
The fact that they're spinning it positive tells me no change in game plan yet.
Everything will continue to be "controlled".
Until the FED changes it's stance, pull backs will remain bear teasers.
Still maintaining a bearish position, but swing trading to the long side.
I believe this mornings lows were the swing lows for now.
At this moment, bulls struggling for any momentum.
Double POMO today, one at eleven and one at two. Total 4 to 5 Billion.
Looks like another shallow pull back, most likely another swing trade to the long side. The pull backs are getting more and more shallow with each swing, setting up for the parabolic move up.
When to buy.....possibly right at the open, I prefer to see the pull back run out of steam and leave a longer shadow on the downside.
Holiday sales are being reported better than I expected to see, but who knows how good "good news" is when it's all about QE or not QE down the road.
Meanwhile, will look to add more cheap insurance when the new swing high appears to be in.
The one that will ask the rest of us how we could possibly sit by and let things like that happen.
No problem with greed and selfishness on this planet, they're alive and well.
Look at the "world leaders"....if they spent half as much on solutions to world hunger as they do on making war, I doubt there would be a problem.
Look at the Pope....he's living in a castle in Rome, and I bet more money and food are wasted there daily than the children you speak of would have been able to live on.
Yes, it's no wonder people like you have a hard time believing in God.
Either way, happy holiday to you pud, congrats on your bitcoins.
I agree with the stupidity, greed and denial way of looking at it.
It's obviously been about QE, look what happens every time the "T" word is used.
I can't help thinking, lately, that the threats of China and Russia to bypass U.S.D.....that is, when they go through with it....it's going to send the market parabolic, and yet the country will be in a deep depression.
This isn't the firs time I've been too early shorting.
I spent most of 2007 patiently waiting for the downturn, but I knew it would come. Then in 2008 we got a rally, and that really tried my patience, but I kept my conviction and kept adding bear etf calls and stock index puts.
Right now the wild card is still QE, and how much longer the market will give it the bullish discount. The other is if the dollar collapses forget it, a few rolls of toilette paper will dwarf most peoples mortgages.
Might just crash upwardly on a dollar collapse.
This may be driven on something beyond QE at this point.
The 1% unload another tranche of stocks, and the HFT walk it back up so the next tranche will come out near all time highs as well on Monday.
When the last retail shorts (save a very small handful) cave in and go long, then we'll get "bad news" out of left field.
And what a coincidence, max pain at 181 today.
The pope who lives in the lap of luxury at the vatican wants to point his finger at the rest of us?
True, most are guilty of "idolatry of money", but then again, look at the pope.
I make good coin buying calls, but you have to time it just right, and you usually don't get any help from volatility. So the timing in and out is critical.
However, the timing part is easy. When a pull back runs out of steam, and you see the evidence in the form of a long shadow to the south side, it's time to buy calls.