If there is a correction in Vix, it will come down to the previous 4th wave low zone around 15.5 thereabouts
I've been converting the short shares to synthetic straddle and then flying those off. Gain on short shares -> sell 2x puts first strike over shares = synth short straddle above mkt -> Chegg retraces to strike -> buy wings -> completed synthetic fly. You're booking gains but allowing for some additional gains if you're trading around a large existing short. The when/if retrace to the short strike of the synth straddle gets you the wing buy at a better price on the drop in vol (vol trades inv to price). I've got a bunch of ten strike wide flies at fairly decent credits (no fly risk). I will continue this on the macro thread. This thread is jank.
india Bombay Sensex odown 370[/QUOTE] ended down 355. Japan's Nikkei, Hong Kong(Hang Seng), China (Shanghai comp), Singapore all down, hammered. Europe was showing big losses yesterday but has recovered some ground. Bottomline: Bear market that began Jan 2018 in Asia still in force. Wild card is India. This cat has come sooooo close to testing the top, amazing. So unless I see big juicy 800 point drop in India, I will not let my guard down. Wave 3 down has to be unanimous. This is a worldwide phenomenon. Just saying. ... just thinking. ....
I have my eye on TNX. This cat has the power to shake the world. If he blasts off from this 423.6% support, SPX will plunge and my confidence in Wave 3 down will increase significantly.
Worse. If Sensex dives and confirms Wave 3 down, the Shadow Banking sector will erupt like a volcano. Pakistan will make some big moves to a showdown. Both are nuclear. India's Modi pulled a decapitating stunt a while back to cure black money. The poor got hammered instead. No cash, ATMs closed. Friggin disaster.
As called, correction underway. Just retraced 23.6% and heading to next Fibo level 38.2%. Guess what? Where is the previous 4th wave zone I spoke about earlier? Why of course it coincides with 50% Fib retracement level. Dig it. Coincidences galore. Welcoming Master bone to the unique world of THE GOLDEN RATIO He will not regret opening his eyes to new horizons.
For Overnight: Carribbean dark chocolate not sold at Trader Joe's, Whole Foods or Gelson's. This is a whole new level of cacao.
I agree with your sentiments on Apple btw. Its a dog. The whole video entertainment sector is so saturated its ridiculous. Now Apple wants to be a Johnny-come-lately and spend billions. At the same time Google (YouTube) is cutting back on their pay service because they see the writing on the wall. I mean people can only watch so much crap in one day. I think. Tim Cook is flailing. Apple needs a forward multiple of 12 tops.
The Golden Ratio: yet another gift for bone from his friend Fibo The human face has The Golden Ratio built into its proportions. I saw it mentioned somewhere thatClaudia Cardinale was a perfect 1.618 and Phi But there are others: https://www.goldennumber.net/face/