Besides the issue with us having a Non Flag Flag(meaning a pullback from here, which is more Wunderbar than flag.)
we will see if at 11 we get some kind of uptrend... or if the downtrend continues.
but I'll look to hedge if we can get a higher intraday low, or if she looks stalled.
9 comments:
T.Lo and Guy Adami ended up both correct on AAPL, which is now in the low 190's. I got about $4 of that and am out.
I'm trying very hard to convince myself that we won't crash
I see crash. Big crash.
But I've learned to fade my own sentiment--- how's that for confidence?
I was very short yesterday, held them and was in a rotten mood last night. Now, I'm better, but I'm tempted to start taking some profits.
DXY went up to 76.40 before coming back down. Cashin said something about Wed that we were within a few cents on the DXY of a stock market meltdown.
if you are going to fuck around with a long scalp... I'd look for a higher low.. at least.
of course this thing has a propensity to just go Vertical.
I see the UUP already in a wave 3 with all of yesterday being the wave 2... on a 15 or 20 minute chart.
Breakout above 22.75 would likely put stocks in the toilet... maybe next week?
GE now hitting a near term low, may be the "tell" on the market.
VXX up 8% today. Smells like fear.
Remember it takes time for "Them" to sell.
they arn't as nimble as we are.
so Subtable just went overt..
if you make me guess.. this is half way.
Higher low, I have hedge on SSO and DIG
There is a point where "they" know something we don't.
some of the market makers have HUGE Pukes of stocks from everywhere.
100K shares from this fund or 100K shares from another...
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