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coding101
I like your rationale for the big drop and its similarity to today's price action but keep in mind that the big drop had a significant catalyst "covid-outbreak" which isn't true now.
vedasri9991613
Looks like even if SPX goes sideways we will have confirmed higher projections
daniel039209
I would like to talk to someone who hasn’t been short or out of the market due to set up and lower projections upon possible lower projections presented . Only to be stopped out today , with HUGE losses, only to get an update that says, if we are up again tomorrow you better be prepared for new all time highs. Holy cow this is really hard to follow. Something isn’t working that we get and meet this insane 3% moves to upside ONLY AFTER focusing on the downside. Is anyone making trades that make money off of this ? Please contact me
SOLO
The current scenario is similar to 2007 Sharp drop expected or favored
Thank Peter
rkautry584
Peter. a few weeks ago you said you would quit fighting this bull market if it went higher. It went higher the next day and you were as bearish as ever. You have been saying it has been building a top this whole year. The market is due to top this month cyclically and a crash episode is still operative but a bull cycle ignores all that stuff until it doesn't.
m.hol228
Thanx Peter, can you give a new update on Bitcoin? Thank you
arcon00224
Boy, tough crowd here. Trading is hard guys. Trading the micro contracts on futures is much safer, in my opinion, because the markets trade almost 24/7. What does that mean? Well, your risk of price gaps is much lower than if you're trading options. So you can set a tight stop loss, however much you're comfortable losing if you are wrong, and if you work around the market hours correctly, you are very unlikely to lose more than you were anticipating. There's a one hour price gap at 4pm Chicago Time, and the weekends of course, so close out your positions during that time if you're worried about price gaps. That's what got you daniel039. I bet you woke up to see your close-to-expiration options were almost worthless at 9:30am NY Time.
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Comments (7)
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I like your rationale for the big drop and its similarity to today's price action but keep in mind that the big drop had a significant catalyst "covid-outbreak" which isn't true now.
Looks like even if SPX goes sideways we will have confirmed higher projections
I would like to talk to someone who hasn’t been short or out of the market due to set up and lower projections upon possible lower projections presented . Only to be stopped out today , with HUGE losses, only to get an update that says, if we are up again tomorrow you better be prepared for new all time highs. Holy cow this is really hard to follow. Something isn’t working that we get and meet this insane 3% moves to upside ONLY AFTER focusing on the downside. Is anyone making trades that make money off of this ? Please contact me
The current scenario is similar to 2007 Sharp drop expected or favored
Thank Peter
Peter. a few weeks ago you said you would quit fighting this bull market if it went higher. It went higher the next day and you were as bearish as ever. You have been saying it has been building a top this whole year. The market is due to top this month cyclically and a crash episode is still operative but a bull cycle ignores all that stuff until it doesn't.
Thanx Peter, can you give a new update on Bitcoin? Thank you
Boy, tough crowd here. Trading is hard guys. Trading the micro contracts on futures is much safer, in my opinion, because the markets trade almost 24/7. What does that mean? Well, your risk of price gaps is much lower than if you're trading options. So you can set a tight stop loss, however much you're comfortable losing if you are wrong, and if you work around the market hours correctly, you are very unlikely to lose more than you were anticipating. There's a one hour price gap at 4pm Chicago Time, and the weekends of course, so close out your positions during that time if you're worried about price gaps. That's what got you daniel039. I bet you woke up to see your close-to-expiration options were almost worthless at 9:30am NY Time.
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