-70 already. Its over. Another bubbly scam comes to an end

as does your futures account.

 

Auto liquidation makes it that much easier these days to just bucket, grab the account in full, then bounce the market. No need to wait for the margin calls to complete before turning the market.

http://www.hark.com/clips/gghqdxghdk-you-know-we-dont-have-394-million-in-cash

 

Parabola.... of Death

:eek:

 

Is it even 25% off of it's highs?

One of the greatest bull markets I have ever seen had a day where it was down 20% in a day.

 

let us know when you grab that knife

 

it will be green by the morning

 

This knife's a bit sharp even for my nutty contrarian taste. I still maintain my 1,400 target per my journal, but would like to refine the #, and also watch the price action around that level, if and when we do reach it.

 

You're out of your m.. what I meant to say was, Good sir, I do respectfully disagree with your prediction.

 

If it blasts through 1400, you might catch knife around 1100 if you're really bold.

 

Yeah, I'm not particularly enthused about making my target be the attempted reversal point. It's just a profit target based on a measured move rough estimate and one possible uptrend support.

In actuality the uptrend support is time-dependent so needs massive refinement.. it's still a broad stroke to use 1,400 as a target, particularly given the price action of the past two days. From eyeballing, it will probably be in the mid 1,300's, but I would have to confirm.