lol, when i post em live they are not appreciated, when I dont they beg for em cant whinney heres a tip, just assume the other side of your trade is an imbecile, makes it much easier
We've had a 2-day move slightly (<2%) above the highs of the last few months' trading range. So far that just fits the trading range pattern - testing the lows, then testing the highs, not breaking decisively either way until people get frustrated with high and low ticking the market. Also, yesterday and today I noticed several of my stocks spiking up unusually hard, that is consistent with a bullish sentiment excess, at least in the short-term. To confirm a new bull run, we need to see a proper breakout - more than 2-3 days, more than 2-3%. If it's instead a false breakout and we are staying in a trading range, then we should see a wide-range day to the downside fairly soon, like in the next week or so. If this happens then I would watch out below because there's a good chance we retest the bottom of the recent range, which is in the 1010-1040 area. That's very close to the key level of 1000, and you just know there will be lots of stop-loss panic selling if 1000 gets breached. So IMO it's a good time to be hedged, have maybe a few December puts on small size, and wait to see what happens in the next week or two.
ADBE longs wish they were hedged, or dead. Have to admit, I let the stupidity of some of trading bother me, thus my admonition to think of the other side as some kind of retard. Buy, buy, buy, sell ,sell ,sell, duh.
2 day perfect example, full retard ps told you the stock777 rally was over my proprietary X indicator absolutely psychic today. sadly i cant talk about it or show it i can say ive figured out the internal logic of the futures market.