Nasdaq from that period even easier to see. I shorted both S and P and Nasdaq by the way well before the big drops.
Thank you for your question Option. This one was one of my best trades as I began shorting in late Auggie 87.
I'm loaded up but with a stop. I've made clear where my exit is on the upside. I'll add further on a break.
If you don't see the parallel between 2000 and 2006 then why would I believe that you were short "just before the big drops" in 2000? You've stated the following: you were short in 1987 and 2000 (uptrending markets) but 2006 is not a good short because it's an uptrending market. Me thinks you're full of shit.
Thanks b1s2. If you can, could you share with us your technical reasoning behind your short 8/87, did you cover and reserve at the bottom of the move? What major TA differences do you see between now and then... Appreciate your comments!
If I may interdict. I don't know Ishmael personally but he hasn't come across as a liar to me. I have been reading his posts during the year and most of his stuff seems to come from somebody who is very successful in this business.
Motion seconded, B1 u still owe me, you know protection funding P.S. I am expecting a pullback here, currently short Dec contract with average 1345.66. 240 does look bearish to me, hoping to get ~1334 with a scale out and possibly ~1330-1326.
Bold call saying your going to leave Pabst... though I doubt most will hold you to it ) I was in the camp that we would see a pull back in sept, but we know what happened to that view Anyway I see the SPX only testing (at a push ) the 1308 area in the next two weeks or so before has a pop up into into the mid terms. On the Bight side the 7th of November will give a much better short for a larger correction. The charts seem to say that its going to be hard for the GOP