Now the message to the good readers. The level at which I would have issued a short call would be if NDX were at 2024 at 10:30AM.
NDX at 20seventeen start going in you "bastards". short her (preferrably in pyramid formation). Let it be known that RFT has made the call at 10:37AM, Year of the Lord, June 04, 2008. RFT (the King in language of the previous paragraph, God Bless him, and his good readers. Please rise and hail the king. You may sit down now).
She just sank in 5 points from entry point of 2017. If you are not thankful to RFT for all the safety of his calls, you will go to paradise and suffer for not paying back the dues. RFT (The man who has the ear of the market)
Did anyone see the shorting covering taking place? These are those who shorted yesterday when it fell hard, and now saying I better take my loss or saying "why did not I listen to myself and just stayed long as I thought before I got stoped out the day before yesterday." You see the mentality of a bull who took losses, and then tried the short side, and then got stopped out again. Such bulls do not understand that it is when you enter that matters most, not which side you enter if you trade her! Timing is everything!
NDX is at 2033. While you are madly in love with your short positions, NDX is making 5-month highs. Just imagine how much money you would have made if you faded your own calls. You would then be long from 1979, 1985, 1988, 1994, 2009, and 2017. Your total gain would have been 226 NDX points.
When OptionCoach posts and the market is up, it is a top and if down it is a bottom. This indicator never failed so far. Let us see. I am shorting NDX at 2032, using the anti-OptionCoach indicator.