Look at MACD divergence and price action, there were clear signs of possible reversal. /just for note I caught it from begin although I was stopped out in one retracement - my stupidity/. Whole day was highly unusuall - so much red without panic?! Do you really think that Gasparino get this idea in that minute when he "published it". You are naive like pre Watergate dummy. It was arrangend and prepared in advance - and accumulation started prior and is clearly visible in charts. You are right that move was caused by Gasparino speak - just started a lot earlier than he told it publicly. And it was therefore so strong.
I would bet more traders blow up every month in 'playing' options trying to make 10% monthly than traders dedicated to shorting equities without leverage.
Right, cause Gasparino was the ONLY person in the whole wild honest world of Wall Street to have known about the news and it was all just a coincidence that the market went past the resistance easy and just refused to go down. Yeah. That's it. Trading CNBC is an edge because your news provider happens to give you the news a few minutes before everyone gets their CNBC reports.
SHORTING IS EXTREMELY RISKY IN THIS MARKET. YOU WILL INCUR HUGE LOSSES. This was a monster class buy program well timed and we exceuted. About 20% of days volume unleashed in last 1/2 hr. I mean it was a Tsunami that leveled all these shallow water fishes, pirhanas, crocodiles and shorts, that were swimming in it eating people's lives and limbs. Whoever did it, I salute them. May you unleash this again, please.... please..
Risk/ reward is pre-determined and the if the outcomes favors reward the trades are executed. Buying or selling equities has to be done with precise measurements and there is either gain or losses, but not in options.
From a lot of the posts on this thread, I assume, resistance levels were reached this turned into support then a breakout which (nearly) everyone foresaw and knew was coming!:
and for those who didn't, it was a manipulated market that was orchestrated by the PPT that is ran by the illuminatis and the jew bankers that are consipiring to take YOUR money.
Friday's late PM price action tells me that the slew of data this week is going to be baaaaad. 'They" bid it to sell it and smash it to buy it................................
TY for being rational about the debate. I appologise for branding you something you are not, I was just trying to show the power of assumption I always say that as long as there is potential benefit in a debate it's worth participating, unfortunately threads are spoilt by frustrated people.
Mate, where did you see me say that I saw the news coming? Look, it's like this: First there were technical buying indications before there were any news. None of techies so far claimed that we were expecting such a rapid squeeze looking at technical parameters. But I will tell you this & you can check back posts if you wish. I know where my stop area is & also I have enough research to see where approximate reward might be (in case of divergences). In this instance like on many other ones price went beyond my expectations. So after there were indications of buyers accumulating news were released and the ones that didn't see it coming remained just witnesses on this occasion. Don't get me wrong, I also am a witness on quite a few occasions, on this one I was granted a gift News moved the market, but people in the know have left their buying prints for techies to see & act upon