I don't think you said any of this. Please show where you prepared us for both of these run ups. And once again, you said that 2142 was a good place to take a short, and we never reached that level and closed much lower. You could have updated the next day that 2142 short was still in play when we did hit it. Once again, your two quazi calls were good, but unless you either post more of these, or more specifics, you can't go pretending you're a trading god with such a short posting history. We have had many of these on the boards before and they quickly disappear. At least you post that its heading much lower, but how far back up can it retrace? Edit: Reading your comment again, I see what you mean now is that where you suggested would be a good place to take a short is that run-up. But you made it sound like you made 2 calls for a short, and in addition to this you said there would be a run up. The short calls are the run-ups, so there really was no additional info posted. And once again, if you're going to be talking about run ups, you could have said that after price dropped on the 26th without reaching 2142, it would run up again, giving another chance to enter. Edit 2: And lastly, I would like to contrast this with your first post here in this thread, where you said its all starting, but this post was made after 1pm, well into the drop. Why for this thread did you not see the drop at the beginning of the day?
election fever! Gold 1281.0 (Dec Fut) is a great level to get long. Stop at 1269.0, long term target for banking half position 1498.0 Let's see how close I get to calling the low of the week. Please be aware that 1285.0 has printed in Gold and this could be the low of the week in place already and we may not get down to 1281.0 . enjoy. For the mentally challenged - if price comes close to a level but does not hit then later comes back to hit the level the call still stands. if price doesn't touch level on the same day as called it still stands, these are not day trades chico.
Thanks for the specifics, and especially how to treat these levels. At the current moment, your 1281 GC level is looking very good. The fact that you also mentioned a stop makes this a completely transparent call.
True, I do agree there, but the issue was the initial entry didn't hit, and then price dropped hard. Next day it did come up again to hit, but as mentioned before, it wasn't clear if its still in play or not. Either way, you went over that with your post this morning for the GC call so much appreciated. Now any comments about this current ES action? I did ask if you were able to account for any retraces, and this huge gap open from the weekend is significant. Granted, anything can happen at this point, and if anyone shorted on Friday after already like 7 or 8 down days in a row has to be prepared to take some heat, but its still a significant pullback.
Think about how much price needs to retrace before you become uncomfortable and want to puke (and possibly reverse). 50%, 60%, 80%? Every trader in the machine needs to be paid. Also bear in mind the largest players are minding their average price their motive is money transfer. This latest run up in the S&P is false and it has all the hallmarks of being such. I don't think they will be able to run this up above 2136.5 Dec Fut. 2144 would be the max they can push it to. Be aware we are now entering the time window where we will get huge volatility. Don't be surprised if we see a NFP sharp run clear out in both directions. Ultimately we will make new lows this week.
Market is pricing in a definite Clinton win....Dow up 400 points in 2 days because of that 95% chance .... Anyway if she wins looks like capital gains taxes are going SURGE.... Going alotttttt higher....instead of holding for a year you would now have to hold 6 Long long long long years to take advantage of not paying 30% + in capital gains!!!!!!! That should make investors feel ohhh so thrilled.
As a Canadian, I ask all Americans to vote for Clinton. You're making Christmas a much more healthy financial experience for me.
Futures up near 100 as Clinton expected to win Florida.....see how easy this was... Markets erased all losses and now headed to new highs ....maybe Dow gets to 19,000 on that Christmas Santa rally ....zeeo risk all reward all the time