looking for any pullback to reduce, thinking same as you but may rally into meeting, get the bigs nice prices to get short first sizeable open int in spy puts is 195s http://imgur.com/68VnX0p
target hit. Took it's time and made a ridiculous move down in the meantime, but had to be patient in the knowledge that it would rally back, out for 7.5 points
Thanks Ammo, well I imagine they would keep pushing price up to squeeze shorts, when that is done push price down rapidly to force longs out of their positions. Not sure if goldman et al have the power to do that.
I've pulled up the charts. You can back test it. That's true, "some" runs are very strong but it still doesn't change the overall mean reverting action of the market. The last 18 months have been an anomaly. Are you telling me that you are objectively looking at the market buy simply declaring the market is going higher with no data to back up your claim? Lolz. Also, if you look at the market runs you cited the meat of the move was in the first 4 to 5 days and none of those moves ever made a run over 4ish days without a down day.
don't fight the trend. unless you can pick the exact beginning of a new trend. don't fight the fed. as long as you know the old trend didn't end. lol forget everything but price. i haven't shorted the ES on a day-trade for weeks. no reason to now. remember, no matter what anyone says about anything, nobody knows. i don't know, but i wouldn't want to be short. what do i know....
"nothing can stop this market".. honestly, i dont see this having a significant move down before 2000 on the cash.. between USDJPY breaking out, crude oil collapsing/geopolitical risks off table .. nothing can stop this...
they are running the show and they need to take profits, forcing longs and s if you took that previous 6 lot example and bought 1 back,you lost 10 points on the 1 lot and are still short 5 lots