Sure enough, we are up 1% so far.... The best part is that since Monday was a market close, you predicted that the biggest swing will come on sometimes 75% of the rest of the week.
Hearing some hedge funds offering the op millions to go private with these calls. If someone has some time to waste, chart the roi on fading these 'predicktions'.
Buddy, you are the dumb money. Once you realize this, you might actually start taking intelligent positions. I clearly stated some time ago that shorting against a steady rising trend up is the recipe to get your head handed to you. How can you be short a large index and see it go 8% + against you ??? That's telling you something again about your indicators. The FV is obviously ridiculous, it has absolutely nothing to do with "fair value" of anything. But the fact your newest indicator dropped rapidly itself prior to the uptrend in SPX continueing, tells me you have embedded an absolutely crazy amount of personal bias into your indicators. Only subjective bias could allow someone to be so thoroughly wrong in so many ways for such an extended period of time.
For the last 30 days, it's 52% return on margin, according to my calculations: 2 long @ 1229.89 1 long @ 1288.60 Today's close: 1308.04 Points gained = 2 * (1308.04 - 1229.89) + 1 * (1308.04 - 1288.60) = 175.74 If the ES contracts were traded, this point gain translates into 175.74 * 50 = $8787 profit. The ES initial overnight margin for 3 contracts is $16875, so the return on margin is (8787 / 16875) * 100 = 52.07%
Nitro must have deep pockets, he's letting this loser short ride until SPX hits the FV ( around 1050 ? ). Could be a long hold. Of course, Grand_Super_Cycle would be holding until SPX hits 600.
One trading day ago you predicted it was going to 1188.... and now you predict its going to 1263..... Quality i tell you, quality.
The amount of calibration that I have to do now is so huge, the only explanation that I have is that the market is not only trading on Operation Twist, but it is trading on some form of QE3, ontop of that. This is complete and utter insanity.