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VIX Opening Gaps
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VIX Opening Gaps

by The MoleSeptember 12, 2017

I noticed something on the VIX this morning which inspired me to dig a bit deeper. It started with the realization that the VIX has experienced a marked increase in realized volatility (yes RV in IV) over the course of this year, whilst at the same time managing to drop to new all time lows of 8.84. Wall of worry indeed, especially given that the E-Mini is already pushing into new virgin territory as I am typing this.

2017-09-12_VIX_gaps_1

What really caught my attention however was the huge opening gap down that proceeded it a few months earlier, which one may call the ‘point of recognition’ if you will. Although followed by two more touches of the upper Bollinger the series of lower highs and lower lows eventually lead to our new all time low.

It’s the opening gaps however that are of particular interest to me, and in particular the significant ones which easily jump out, even on a multi-year panel. More specifically what I find intriguing is the aftermath of the opening gaps, which at first glance (and without in depth data analysis) appears to be completion to near the Bollinger band in the direction of the gap. In more simple terms: it seems to me that a [significant – still to be defined] opening gap to the upside is followed by push toward the upper BB. On the inverse a opening gap to the downside appears to be followed by a visit of the lower BB, although in more recent times (and courtesy of a decade of QE) those moves are more curtailed and I would probably exit any short VIX campaigns a few days later.

2017-09-12_VIX_gaps_2

Clearly we don’t often get downside gaps and the real fun seems to be in the direction of where the VIX is skewed – the upside. Typing I just noticed that I missed two consecutive gaps in mid 2008 which apparently canceled each other out. It was a crazy year after all and if you look carefully you can see that big spike up in August when Evil Speculator appeared on the scene 

2017-09-12_VIX_gaps_3

If a gap is immediately followed through by a large candle (e.g. center green) then it’s probably worthwhile to cash out your chips. Also, a fast drop lower followed by gap higher may just be the hallmarks of a temporary counter rally.

2017-09-12_VIX_gaps_4

Quite a few gaps higher after the dot.com bubble had burst. I was just getting rid of my training wheels back in those days but do remember the swings very well.

The golden rule however is to get out after a touch of the upper Bollinger. On the chart above we do have several events after which holding long would have paid off handsomely but remember that this was before the Fed unleashed quantitative easing on the world and the financial markets would never be the same again. Neither would be the concept of moral hazard but I digress…

2017-09-12_spoos

As mentioned in my intro, the E-Mini is on a rampage this morning and after breaching its daily NLBL yesterday it’s now making a run for not just one but two consecutive weekly NLBLs, the second standing at 2488.5. A close above those two is a very strong buy signal and pretty much seals the bear’s dreams of having any fun this September.

2017-09-12_silver_update

The Dollar is bouncing back a little and that pretty much sealed the fate on my silver campaign. I really hope you were able to participate in this one as you ought to have banked at least 2.5R in this one. Another reason perhaps to finally sign up as a member?

Speaking of which… we have entry candidates this morning:

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Week #36 Top/Bottom Stock Returns

Before I run – earlier this morning (yes, I’m a busybody) I coded myself a routine that grabs last week’s top/bottom stock symbols and then calculates the returns. So what would have happened to last week’s candidates at the 9/10 market close?

Long Profits: DVN=-1.99, COO=6.48

Long Profits Total: 4.49

Short Profits: BAC=4.98, GE=5.25, CSCO=2.54, INTC=-0.28, MSFT=-0.05, C=3.51, PFE=-0.41, JPM=3.58, DIS=4.36, VZ=3.78

Short Profits Total: 27.26

Combined Profits Total: 31.75

In case you wonder that’s on a relative percentage basis, thus it does not represent R intervals. Clearly one would spread one or two R maximum across the entire mini-portfolio, which is then held for one week. Weekly options may be another way of playing this. Although week #36 did not produce many long candidates I would usually try to split half my exposure across the longs and the other across the longs. Assuming 20 stocks (ten long and ten short) that would be 0.05R per symbol if exposing a total of 1R in risk.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • ridingwaves

    Great stuff Mole, Cheers and good trading to all….

    the last 4 Sept. opex’s were red…..

    ridingwaves OJuice 5 days ago
    I think we might see 2500 this month…the fed is going to punt….

  • HD

    any of those Sept OPEX’s have new ATH’s?

  • HD

    VIX wanking? VIX is totally dependent on SPX. It has zero technical qualities independent of SPX. So I would suspect any gaps are SPX related.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I would usually try to split half my exposure across the longs and the other across the longs shorts.

    ??

  • Yoda

    Moment of truth for DX. Currently sitting at 60 min support trendline.
    https://uploads.disquscdn.com/images/74bdea7031b3197d900b7dba86b8562b347e1bf8e923c1639375dc2bf01ee8b6.png

  • Øyvind Nyhammer

    NDX is just hours away, at most a day or 2, from putting 6000 in the back mirror on its way to 6200.

  • Darkthirty

    Vix is supposed to be totally dependent on SPX……..fify

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Brishort

    Hello, I have nothing against setting targets, but besides gambling type of approach, what substantiate the claim?

    Respectfully, wouldn’t a chart entertaining resistance, support or whatever you like as indicators and putting probabilities on it with stops for good measure be more useful?

  • Yoda

    Seems to have lost support

  • Brishort

    BTW GG (always love your comment and humor!! :-p) Suggestion for A bit more responsive setting due to scale that I find more actionable (reversal 3 not sensitive enough to react at NDX scale IMHO)
    http://stockcharts.com/freecharts/pnf.php?c=%24NDX,PWAADANRROPADF1!1!1.0!!2!100]

  • StockTalker

    Looks like a failed retest to me. We should know shortly as moves like these are generally brutal.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    thanks!! always looking to sharpen my skills.

  • Brishort
  • JackSparow
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    so glad to see you survived the Caribbean storm.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • JackSparow
  • HD

    The EW, Primary 3 up. Strongest. Zero overlap on the chart since the 2016 SPX 1810 low. New ATH’s today quantifies the wave. The 2 corrective waves we have seen? Humble 5.6% and 2%. Allegedly minor waves 2 and 4 of Major 1 up. Minor 5=1 at 2712 and .618 at 2566. Already +168 since minor 4 low. I was looking for a Sept low, not new ATH’s. EW does a great job of letting you know when you are wrong too.

  • Øyvind Nyhammer

    OK, I killed a chicken and read its intestines, a tried and true method that has worked for millenia.

    Beside that the bull flag that got extended at 29-Aug-17 at 5820 had a pole approximately 400 long. The extension should be the same, to around 6200.
    Our little Labor day after holiday reversal (or Kims hydrogen bomb if you prefer) also made a little bullflag that got extended at 5920, that had a pole of 220 and should bring us close to 6150 at least.
    Then you have the graph below that shows real compression and weaker resistance everytime it touches 6000.
    It is still my opinion that we made a hard bottom around 5780 to 5800 in August and thats what I am putting my money on.

    After all that bullshit I must say that I prefer chicken intestines.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Øyvind Nyhammer

    Totally agree on that one.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    at least autozone is closing the gap.

    GO AZO!!

  • Brishort

    As per P&F below, up to and until 6019 is crossed for good, I would be hesitant to count the chickens! Intermarket plays and seasonal plays still deserve to pay attention. This week is expiry week on top of it, typically one of the strongest week of the month (Mole can this be scanned somehow that option expiration week mostly has a strong bullish bias?).

    Bottom line: Chances to make a significant top that could hold still is play as per my P&F settings, 6020 being the trigger for a much more significant bullish move.

    But that is only and if exceeded. Until then, remaining suspicious of what is going on until proven otherwise may be advisable. The FAAG notable churning the last few days smell distribution of key large caps, NDX being held not by its generals but peripheral soldiers making advances right now. Can’t have significant new highs without adequate leadership. As as I type outside reversal day on MSFT, where it closes will be important.

  • Yoda

    Ever considered reading coffee grounds? A bit less nasty 😉

  • Mary

    VIX is derived from the prices of certain SPX options, not the SPX index itself. Sometimes the option prices go up while SPX also goes up and sometimes they both go down. If you count on them always being inversely related you will be disappointed sometimes.

  • Yoda

    I’m loving it!

  • HD

    The current VIX index value quotes the expected annualized change in the S&P 500 index over the next 30 days, as computed from the options-based theory and current options-market data

  • Mark Shinnick

    Yes, lost momo hit a objective, but its at a good place to take a breather.

  • Yoda

    XD

  • HD

    Does $HD rally after hurricane season?
    http://evilspeculator.com/statistics/?symbol=HD

  • Mary

    “as computed from the options-based theory and current options-market data”

    Exactly what I said.

  • HD

    That’s what she said? :-)

    Just happy to see another person actually familiar with the VIX. Rather than the normal “complacency” and “fear index” gibberish.

    Now the /VX…. that’s another animal.

  • Øyvind Nyhammer

    I bought my TQQQ at 106,40, bases on argumentation about bottom above. I prefer that to 117 which 6020 translates into.

  • Øyvind Nyhammer

    If that is supposed to mean a double top i think you are reading that chart wrong. This is compressing against your line at 6000 and will soon race past it.

    It is really strange how people can sit for years with both feet in a roaring bull market and then fall in love with the downside all the time.

    Are you reading John Hussmann every weekend ?

  • http://evilspeculator.com Sir Mole III

    It’s in a difficult phase of the year – I wouldn’t touch it.

  • http://evilspeculator.com Sir Mole III

    EWT has absolutely zero predictive value. Been there, done that, and for the record my analysis regularly beat that of the big names (Prechter et al.). Nevertheless one day I finally came to my senses and moved on. I suggest you either present statistical evidence of its predictive qualities or consider using modern analytical methods that may give you an edge.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Darkthirty

    Further translated …….MMs manipulate VIX as they see fit

  • HD

    The EW I use has been calling this bull market quite well. Especially the patterns, symmetry, and TL analysis part of it. 60% of the time it works every time.

  • http://evilspeculator.com Sir Mole III

    I’ve done extensive pertinent research and it clearly is not a direct correlation, quite often the two diverge which opens the door to trading opportunities. As I’ve stated here before, a large percentage of institutional firms are using the VIX and or VXV as a trading signal. I know several as a matter of fact.

    But I really don’t have the energy to debate this. My work on this subject has been crystal clear, take away what you will or go and trade something else. it’s all the same to me 😉

  • http://evilspeculator.com Sir Mole III

    The VIX is actually composed of two components, the VIN and VIF which gets adjusted on a daily basis. This stuff is pretty involved and I have literally invested months of research in analyzing VIX behavior as well as the VIX term structure.

    There are a few people out there who understand the VIX than I – but they are far and few between.

  • http://evilspeculator.com Sir Mole III

    No they don’t – it’s too big. This is a typical ‘conspiracy theory’ perspective which many retail traders settle on, usually after spending too much time on ZeroHedge.

    I am working hard to convey important lessons across a wide spectrum. It’s sometimes a bit discouraging when I see people come by and apparently take away very little to integrate into their active trading. Perhaps it’s me and I’m a lousy blogger/instructor and my time may be better spent just posting setups.

  • http://evilspeculator.com Sir Mole III

    Okay, do me a favor. Come here over the next 30 days and post your predictions. If you get only 60% correct (no ifs and buts) then I’m happy to consider EWT again, whatever brand I don’t care 😉

  • http://evilspeculator.com Sir Mole III

    Week #41 seems to be a very lousy one for MCD :-)

  • HD

    I think you and I have very different takes on EW. I have never said it was used to predict the future. I’m not sure what stats it would take for you to see an advantage from chart patterns, symmetry, fibs etc. If it’s a source of stress for you I’d just as well leave it for others. If they find any benefit great. If not, it’s just one market opinion and nothing more. I have showed several already. If selling CL at $55 didn’t perk your interest than nothing will. If you need a chart with letters on it then your user experience with EW was very different than mine. No worries. I don’t have the energy to debate it either.

  • HD

    and BTW…. It’s kinda a famous saying. Not statistically significant :-)

    https://www.youtube.com/watch?v=pjvQFtlNQ-M

  • StockTalker

    Watching for /NQ 5920 gap fill to cover

  • HD

    not EW, typical OPEX week gets a volatile Wednesday. /VX traded below 12 today.

    And that will conclude the OPEX pattern. Low before, Massive 9/11 rally and whipsaw Wednesday.
    Stated in advance but not predicting the future. Just fractals. GL

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    If he fails, he’s gonna need the Zero.
    Clever.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    if you run out of things to talk about, this could be the one.
    (weeks from now)

  • Øyvind Nyhammer

    Never short indexes, the statistical headwind will kill you. Over time they have a tendency to go up.
    If you are holding on to your short from 5-Sep-17 then LOL.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Mole,
    so let me get this straight.
    SBUX is in the best week of the year, regarding sharpe ratio,
    yet the price looks like garbage!?!? maybe even a last kiss good bye.
    Am I speculating correctly? or is that ‘too simplistic’ of nature?

    https://uploads.disquscdn.com/images/aa25c98c79c0ced0d75b6a8d6860f711d5e9fef9b958572a4345946abffda009.png

  • StockTalker

    MM’s have trained you very well.

  • Øyvind Nyhammer

    Some statistics:
    From 3-Jan-1950 to 8-Sep-2017 there were 17031 trading days in the SP500.
    There were 9134 up days and 7897 down days. Average up day were up 0.64% and correspondingly -0.67% for the down days.
    That means that there are 15.66% more up days than down days. If you want to play the downside you have a huge statistical disadvantage and you have to be much smarter than the market to make any money. On the upside you will make money if you are average investor.
    People should be aware of that if they want to fall in love with the downside.

  • Mark Shinnick

    This makes a market :)

  • Yoda

    How long can an AAPL defy Newton’s Gravity Law?
    Red volume is heavy (and the day ain’t over yet) https://uploads.disquscdn.com/images/28f8d1e90d9fdf6d6cd254ec1ff7edbb010b89ab0f526ec146a0dcc6b91bf6ea.png

  • OJuice

    Mole and Scott have expressed their opinion that it doesn’t present any edge with respect to trade execution. i.e. using a count to define an entry with defined risk. Sure it can provide context at times, but, a count on a specific stock, index, etc. is subject to change and there is some ambiguity. Hopefully I’m not putting words in their mouth, but, what they are saying is show all trades based on EWT and prove that there is an edge. Not one great trade or one amazing call. Just steady day in and day out profitable trading. But, you haven’t demonstrated what they are asking for. They are money hounds and if you can show an edge I’m sure they will be all over your inbox. There is really no sense in gloating about any one trade. The only thing that matters is how much money did you make in the year. And is it systematized and is it repeatable.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    with the announcements underway today, volume is expected.

    If they go, looks for cracks in weaker (tech) stocks first. The large ones fall last.
    -my two grams

  • mSquare

    VIX is dead – RIP! Too much of the trades are ETFs trading in dark pools and such for Options to really indicate what it used to be.

    Next you will be fondly remembering floor trading and the NYSE working hard to be fair to everyone and not anyone who could pay more!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    you’ve made 5000 comments with 2000 likes.
    I’m not worthy!!

  • HD

    totally agree. 1 good trade means nothing. I showed up with an EW trade on GC and CL. They both worked. CL was better but all it got was harassment about the method not the execution. The last thing I’ll ever do is get into some trading comp w you guys. If you see value fine, if not fine.
    People got burned on EW counting. I get that. If you haven’t seen 3 waves down w symmetry at fibonacci levels over the last 8 years then you haven’t been looking. It’s on the charts.
    As far as the ‘prove it’ stuff nobody here is saying they can prove a risk free trade. EW defines the risk just like any other method. It’s almost like nobody read the text just looked at the pics. Ha.

    No hard feelings anyone.

  • https://scottphillipstrading.com/trade-setup Scott Phillips

    One very easy method for trading Mole’s idea above (buy the strongest sell the weakest) is to size positions on an ATR basis, so that the stocks that move the most affect the portfolio the same as ones that hardly move.

    This is the standard method pro momentum quants use

  • OJuice

    There is a slight disconnect.

    Anyone who stares at markets long enough can see the fractals and symmetry. Nobody is debating that. If I see some obvious symmetry I’ll look for a trade. Sometimes contextualized on a high level with basic EWT of a consolidation or a strong directional move and using channels. This really just frames uptrend, downtrend, or consolidation for me to look closer at a good trade so I am with the general trend and not against the grain. When it comes to entry and exit and stops, I use my system that has nothing to do with EWT. I tried that system and couldn’t produce consistent profits. It is hard to manage risk and too subject to small contextual changes that eat into profitability, or even worse, capital. After enough time I came to terms with the fact that I couldn’t become a professional trader using it day in and day out. So I had to change. Some others here went though a similar process I’m sure.

    You don’t need to brag on EWT here. If it is your system and you feel like sharing your methodology, just simply post your decision for entering (“the count”) and your stop. And a target if you are so inclined. Demonstrate the edge and show your peers how you use the tool profitably. Nobody is going to deny you if the results are reasonable. Just know your audience and understand people aren’t shitting on EWT here because they live under a bridge, its because they went down that road and have gone another way in the quest of making money.

  • BobbyLow

    I’ve been working on a few things and unable to participate here during the day lately but I just read a few comments that stood out about Indices having a long bias. This is true for the most part. However there are a few caveats. For example if you bought the NDX in 1998 and held like I did you would have been a genius. But if you bought the NDX just prior to the Bubble bursting in 2001 and held on to it like I did you would have been a fucking fool taking a 50% hit and waiting apx 4 years to get back to even. Now here we go again, if you bought the NDX in March of 2009 and held, you would have been a genius. If you buy the NDX in September of 2017 and hold on to it you might be a ???????????????????

    So what’s next genius or fool? :)

  • https://scottphillipstrading.com/trade-setup Scott Phillips

    But I’ve never seen any wave based predictions from you. EW claims to predict the future, that’s the core of it. I’ve seen a lot of people claim (without evidence) that’s the case, but in every instance they were deluding themselves.

    Mole is right, real professionals laugh at that clown shoes stuff.

    EW – eventually works. Looks nice in retrospect, but from the hard right edge of the chart it fails miserably.

  • http://evilspeculator.com Sir Mole III

    If it is not used to predict the future then it’s used for something else. Okay, I bite – explain to me what purpose it has on your charts. I am not being facetious – I’m trying to wrap my mind around your POV.

  • http://evilspeculator.com Sir Mole III

    You recall when I was counting waves, I’m sure. Did a pretty good job actually but eventually I was realizing that I was actually simply looking at the current trend and was adjusting my ‘counts’ to support what the market was telling me via price action without all the complexities of the wave rules. In other words – I was able to do define my probabilities more effectively by simply looking at technical inflection points – e.g. price ranges, trending action, type of formations, price evolution, and even my silly BBs. Remember my Soylent scenarios? That pretty much was the beginning of that. I simply looked at the price action and asked myself: WHICH DIRECTION HAS THE LEAST AMOUNT OF RESISTANCE? And that’s what I’ve been doing ever since. The fact that I continue to command a sizable audience for almost a decade now suggests that I’m not doing so badly.

    HD: I am not trying to piss you off or chase you away. I am just wondering if EWT is truly what is offering you an edge. Maybe you simply believe it does because you’ve invested so much time into applying it. Sunk cost effect and all.

  • http://evilspeculator.com Sir Mole III

    Good thinking, Scott – and well worth considering.

  • http://evilspeculator.com Sir Mole III

    Of course if you want to get ‘creative’ you can use the Johansen test to calculate the hedge ratio matrix. Of course that assumes that the combined portfolio produces a mean reverting series, which I suspect it probably does not – would be nice if it did.

    Another thing one may want to do is to test for beta to the SPY and then calculate the covariance. You use that number to sell SPY against your portfolio and thus become relatively market neutral. It’ll reduce your returns significantly BUT you can offset that by increasing leverage.

  • HD

    I’m not seeing a whole bunch of any of that from anyone. Stops and projected targets? Appreciate the conversation. I’m just talking markets.

  • HD

    “wave based predictions” ? I’ve tried to spell this out a few times. EW isn’t numbers and letters for me. I trade patterns. 3 waves = 5 waves etc. Stay tuned but I’m not going to rewrite the books. I found what I can use from EW and made it my own to fit my trading needs.
    I do think it’s really weird though to target anyone’s method and try to put doubt in it. To each his own.
    I’ll throw up 2 charts. Interpret as you see fit. I’m not looking for validation. If you don’t see it no biggie to me.
    https://twitter.com/HDivot618/status/904904791452663808
    https://twitter.com/HDivot618/status/907739971007668224

  • saltwaterdog

    I find value in EWT using a 30k ft view. I would suggest disclosing timeframe on your analysis, since it isn’t on the chart. You’re accepting a wave 4 overlapping wave 1 in an impulse? EWT forbids it, so maybe you’re trading a less technical interpretation of it that works for you

  • HD

    1 hour. Pretcher’s EWT hasn’t got much correct have they? price closed above w1 highs. Yes my own proprietary EW.

  • Darkthirty

    If you do a layover, often the vix will signal a turn BEFORE it occurs

  • Darkthirty

    The only way to fly! Prechter is a hack………

  • Mark Shinnick

    Well, this is the thing…we each have unique POV’s of the universe for the forging of our own edges. Personally, without imparting prejudice or judgment, I just love to be granted insight into wherever anyone is demonstrating and able to share working edge.

  • OJuice

    You have annotated a chart. I don’t see any trades noted though. That’s ultimately what the discussion is about.

    Like Scott said below, its all about the hard right edge of the chart.

  • OJuice

    I don’t know if even that will help. Lately it seems some folks just want to be shot callers and get an up vote or a pat on the back for predicting the future more than they want to make actual money…

  • OJuice

    Yes, you are right that most people aren’t posting that type of info. But, arguably if they want to take credit for good trades, that is what is needed.

  • HD

    if that first chart 9/4 with the circle on the 2479 pivot isn’t “hard right edge” enough for you then nothing will be.

  • OJuice

    Sure enough. Steady march higher now.

  • OJuice

    What does the circle indicate? Position closed, position entered, etc.

  • HD

    Dude, I am not an EW guru who tells people how to trade or asks for money for my work. No offense but you are not even trying. Did you see the hit on 9/5? From pivot resistance/ overbought. Did you have a specific question or are you just taunting me?

  • JackSparow

    Øyvind Nyhammer,

    You may be right, based on ES price action NDX “MAY” follow and break higher..
    however, my humble opinion – better to follow price than anticipate. As I view it, price currently is conducive for a short. GL!

    note: I focus on price – and ignore the rest, 2-top, D-bottom, waves etc. https://uploads.disquscdn.com/images/dfe1b722218ece27cbd0461fb5226cdefaf1b91ddd2480e56ef9a63f132afaee.png

  • OJuice

    I am not even trying? You haven’t even responded directly to the questions from the group. Maybe you aren’t reading the replies for content, or maybe you can’t understand what is being asked of you. I don’t know which one it is.

    Nobody gives a fuck about notations on price action if it doesn’t provide actionable information (with a statistical edge) on a future trade. You keep circling around and not addressing this question.

    Good luck with your twitter EWT bragging. I’m done.

  • http://evilspeculator.com Sir Mole III

    Hey guys – I’m having a bit of a rough day and won’t be able to post today.

  • Skidmarkalot

    Pray your day improves!

  • Yoda

    We may see a big move in DX today

  • OzarkHillBilly

    Took a new job three weeks ago with a guy that’s been trying to get me on board for months to help him build a new business. All back office / management / operational type of stuff that I can do from home. Where is the business based out of? Ground Zero for Hurricane Irma in Florida. So I’ve been way busier than I expected. Just wanted to say that I appreciate the lively but polite discussion here yesterday, which I just caught up on.

  • http://evilspeculator.com Sir Mole III

    If he wants you to help him build the business he should make you a partner.

  • Yoda

    Sold the remaining of my gold miners at the open. Reason: DX looks damn bullish

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    not to mention, Copper is finding new daily low

    https://finviz.com/futures_charts.ashx?t=HG&p=d1

  • Brishort

    https://uploads.disquscdn.com/images/24f328154e82f7d08864a9ed95ac4c55d22c838fa9892b1ef0e87ec61c82b6da.png https://uploads.disquscdn.com/images/9564a4fa2f5b0527c68dc73ff752d3584e0156b174999e4f446d6a9791ed4748.png The dollar is having very significant moves this morning. Intermarket correlations could be interesting to play, Ex. USDJPY UP, Nikkei UP (depreciating yen pushes valuations up in local currencies). Same for EURUSD DOWN vs. DAX UP

  • Mark Shinnick

    AAPL, a $1000 smartphone in the face of Moore’s Law and other excellent competition, and there’s no question about that fad based culture phenomenon.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    no no no.
    Red arrows for down, Green for up.
    are you COLOR blind!?
    😉

  • Brishort

    OMG…. I AM colorblind!!!

  • OJuice

    lol

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I knew it
    that brain injury is kicking in.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Brishort

    Gold and copper having downside momentum as well… 6 weeks daily trendlines soon in play for breakdown.

    Somewhat paraphrasing Mole previous advice: beware of moves in commodities, once trending, they tend to last longer than usual without the reversing to the mean day traders may be tempted to play during trending moves. https://uploads.disquscdn.com/images/34a4bcd59bdf2467772e2436e13b6148db4ca469ed292e6ad0444c8df9bad802.png

  • Yoda

    Yeah, the long gold trade is on pause right now. I am shifting my focus towards a long Nutty Gas (added to existing
    position). The seasonality is bullish and so is the price action
    http://charts.equityclock.com/natural-gas-futures-ng-seasonal-chart

    https://uploads.disquscdn.com/images/6969d92c4b3fafd07eab9f7c66870b96694c0a1dafcdcb7d6d5bdd3d9a395de5.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yes, how is Nutty? err Natty? I haven’t checked.
    [XLE]
    http://stockcharts.com/h-sc/ui?s=XLE&p=D&yr=0&mn=6&dy=0&id=p78965875312
    Excellent!!!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • OzarkHillBilly

    Something along those lines is the potential objective as we expand into other states. There’s another guy involved who is controlling the purse strings and owns a couple of other companies; he already figured out I’m not an idiot ….. which means I get to do more work.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    The QQQ’s are holding back today, what are they waiting for?

    Maybe the CPI & Claims tomorrow..
    https://finviz.com/calendar.ashx

  • Øyvind Nyhammer

    No problems with that, stock markets go up and down.
    But my point was that they go more up than down.
    To use your way of arguing:
    You could have held stocks for 31 years from 82-00 , 03-08 , 09-17
    or you could have shorted 4 years 00-03, 08-09.
    Which one is easiest to hit ?
    Shorting is extremely difficult on any timescale, because the statistics works against you.
    Its not really about genius or fool, the objective is to grow your money and make the statistics work for you and not against you.

  • http://evilspeculator.com Sir Mole III

    Bill did not take care of himself :-/

  • http://evilspeculator.com Sir Mole III

    No no no. Guys you need to put things on paper BEFORE you get involved in projects. Once you help grow his business he’s got less incentive to make you a partner.

    Nobody is going to hand it to you, mate – you have to ask for it. Especially if you are qualified. Good people are hard to find these days.

  • Mark Shinnick

    I’m enthused about patternwork with volatility; glad you are looking into it because I’ve found it to be fast-in-the-trenches useful where one needs those skills firing on all 8’s.

  • http://evilspeculator.com Sir Mole III

    Just tired – I have been burning the candle on both ends lately and thus have not been sleeping well :-/

  • StockTalker
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    take a day off. just keep the Zero running.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    If /NQ does not hold 6k, expect the opposite:) What will screw the most ppl? To many expect it to continue to go up. That’s where smart bears take advantage and weak hands give up:)

  • Yoda

    DX has quite a bit of room to bounce. A short squeeze is one and I wouldn’t want to step in front of this moving train.

  • StockTalker

    Market is at a turning point, just following the leader:)

  • BobbyLow

    And that’s basically my point. When we look backward it’s all “coulda, woulda, shoulda”.

    As far as shorting goes, this is just another tool for the tool box and if you don’t know how and when to use this tool, then YES, the odds are stacked against you. But if you know how and when to use this tool, it can be extremely useful and profitable.

    Look, I try to never tell anyone what to do and if you don’t want to go short at various times then don’t do it. One thing you might have noticed about traders on this blog is that there is not a “one size fits all” or only one method to our trading. We have some trading long term, some trading a few day swings, and some trading 2 minute charts intra day. It’s up to an individual’s trading experience, risk tolerence, and psychological approach to this business.

  • HD
  • Mark Shinnick

    Obviously tenuous but been entering some equities shorts triggered this morning. Very tight stops now possible.

  • Mark Shinnick

    Look into HemiSync.

  • HD

    GM gents. Not sure why this EW stuff caused such a stink. The past week I have suggested 91 would be support for DX and GC would be affected. GC down $30! Said VIX was wrong at 12.50 and should be 10! bot VZ for $1 gain and HD got a new ATH today. I show symmetry on SPX, acting as R all day today. I show my method and THEN people get their panties in a wad? I have a clear chart with S/R levels, TL analysis and a HWB entry, classic EW, and still…. If you want my exact entry strategy, stops etc… I don’t think that’s gonna happen. That’s asking for someones bread and butter. Now if some of you guys start showing me your entries, stops, statistical significance for why you took the trade then we can barter. You first. I’d prefer to just move on.

    best to yours.

  • Mark Shinnick

    Sure, communication should be safer in this world; there will never be a time its not in some way dangerous. Personally, I’m just looking for kernels of truth and workability no matter any prejudice….something like that may be the best any of us can ever expect …just keep putting it out there, lots of people will appreciate whatever they can have.

  • StockTalker

    SPY filled the gap

  • Darkthirty

    it’s just the equinox, I quit fighting it years ago……….

  • StockTalker

    Shorted SPY

  • BobbyLow

    If any of you guys are trading Gold ETF’s or ETN’s strictly because of the Gold Futures /GC having a heavy margin requirement as well as relatively large exposure with One Tick equal to 10 Cents of movement on Gold = to $10.00 per contract in your account and ($1 movment in Gold = to $100 per contract in your account, I recently stumbled onto /MGC which is a Micro Gold Contract. /MGC is 10% of the /GC Contract. This means that One Tick is still 10 Cents movement in Gold but only represents a $1.00 per tick in your account per contract instead of $10 and a $1 movement in Gold equal to only $10 per contract in your account.

    The volume on /MGC pretty is light in comparison to /GC so there might be a 2 or 3 tick spread between bid and ask but keep in mind that 1 tick is equal to 10 Cents per contract so that’s no biggie.

    I am trading out of 2 accounts and I can’t trade futures in one of them so I’ll still be trading UGLD and DGLD in that one. But I am very happy to trade this Micro Gold Future in the other one because this will pretty much cut my overnight exposure in half helping to avoid part of that oh shit moment when an opening gap goes against me at the 9:30 Open. This is because if a trade goes against me during the night, I should get stopped out during the night and avoid not have any control as damage continues to build.

    Anyhow, just thought I would pass this on for those who might want to take a look at this. OBTW, the cost of this Micro Future Trade is $2.25 plus .21 per contract with TOS which is less than most regular ETF/ETN NYSE trades.

  • Julie

    Hi Stalker I am looking SPX approx. 2510 which is the confluence of two upper channel trend lines
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    USO.
    remember that gap fill?
    if this (sector) turn is legit, you can certainly see it now.
    Bully!
    http://stockcharts.com/h-sc/ui?s=USO&p=D&yr=0&mn=6&dy=0&id=p45591075446

  • StockTalker

    No worries, stop is in:)

  • Julie

    Good IMO not much left in this Trump rally
    JULIE

  • http://evilspeculator.com Sir Mole III

    You can’t have your cake and eat it too, HD. You kept posting about the merits of EWT which everyone understands as the set of rules defined by Ralph Nelson Elliott. We don’t care about your secret sauce and bread and butter rules – all I asked for was for you to post your EWT counts and predictions here for a month.

    Until you do that and prove to us that EWT, as defined by RNE, has predictive value, we are going to dismiss any references to EWT as being useless noise.

  • http://evilspeculator.com Sir Mole III

    I disagree. ‘Kernels of truth’ are insufficient, especially when they are served with a boatload of disclaimers. I obviously am able to post clearly understandable analysis without ifs and buts – I even post setups with exact entries and campaign management guidelines.

    Look – it’s like this: Money talks, bullshit walks. Half truths and unproven bits and pieces will get you nowhere when it comes to trading. I personally spent many hours each day on my research to uncover a valuable edge. This is zero sum game, people – don’t treat it like a hobby or some academic exercise. Winning is a habit – so is losing.

  • Mark Shinnick

    I don’t believe he’s validated strict EWT but has some workaround. Personally I’ve never figured any clue how to actually code for “waves”.

  • http://evilspeculator.com Sir Mole III

    Which by the way is no attack against you personally, mate – I’m simply trying to make a point here. Which is that clarity and transparency is key.

  • StockTalker

    9 years running

  • http://evilspeculator.com Sir Mole III

    See that’s my point – then he’s not using EWT – he’s doing *something else* which we are not privy to. Why defend and insist on the merits of EWT then?

  • OJuice

    Subjectivity has a habit of keeping us out of good trades and in bad trades.

  • Julie

    90% of my trades are individual stocks …. IBD 50
    JULIE

  • OJuice

    I know. And you post a lot of your work. I’m just commenting on the statement. Personally, I focus a lot of energy at blocking out this type of thinking because it kills my profitability. In this case, who knows what the future holds for the “Trump Rally”..

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Silver Musings.

    silver is resting. red arrow right.
    perhaps it’s the red arrow left? doesn’t matter.
    I have no way of discerning which path it goes.
    I do have a plan.

    Green band, entry. otherwise, bearish return to median.
    it’s not much, but I use the KISS method.
    https://uploads.disquscdn.com/images/64770278e9384338eee2247be4247add5d559f836f6095068ebbe3d5bb2bac54.png

    -GG

  • Julie

    OJ I completely understand where you are coming from ….. You are correct in your analysis of your thoughts .I truly respect everyone here and that is why I am here like you …. I value everyones input and contributions.
    JULIE

  • Mark Shinnick

    The EWT allure of all this has founding in our hardwired belief of patterns. Anything triggering that mechanism gets fancied. Alas, its just the same concept of “lines”, Could be nothing more…except for one thing: even with disclaimers he is saying he is banking coin…we assume we are being honest about our bottom lines so that’s got to be followed up with….he’s trying to say something, after all.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    almost forgot.
    an entry at 18.25 to 19.25 is an even $1.00
    a stop at 18.00 is a quarter (loss)
    so that’s a 4:1 ratio.

  • Brishort
  • Julie

    GG Bearish return to median ? Perhaps to 17.19 – 17.42. That is what I am looking at. Thanks GG
    JULIE

  • Brishort
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    correct. if will fluctuate day to day.
    Public stockcharts limits me to 3 envelopes, no room for another indicator.

  • Brishort

    CME description of the tool: Open Interest Heatmap

    Use the Options Open Interest Heatmap Tool to track where positions are concentrated. View current open interest and changes in volume and OI by strike, put or call, and expiration. Available for benchmark products across all CME Group asset classes, this tool gives you a concise view of how put/call option OI is distributed by strike and expiry.

  • Mark Shinnick

    As near as I can figure, its the closest genre we might first
    relate to his viewpoint to begin his narrative. Its just really tough sometimes to put ideas into language, (it once took me 4 weeks of focus and use of dreams just to form 1 line of code) so if he’s done so well enough to bank coin, this is going to take some open minded listening.

  • Mark Shinnick

    Those positions are holding during this volatility crush. Nice arbitrage available in the sp near options. Anyway, short remains with very tight stops.

  • BobbyLow

    Does anyone remember “Roseanne Rosannadanna” from the old Saturday Night Live Shows. She had a comedy routine where she says “there’s always someting”.

    Isn’t there always “someting” in this business too? I mean if it isn’t Greece, Brexit, (BTW whatever happened to Greece?) We’ve had the tech bubble burst, the banks burst, a falling dollar, a rising dollar, and all kinds of things on the horizon that has been a “sword of damocles” hanging over the markets. And now we have North Korea.

    I’ve become almost numb to the constant threats of the markets. However, I’ve been riding a Short Gold position and even with the dollar rising, I can’t help but acquiesce to the threat from the man/boy with a bad haircut from N K so I’m taking some of my position off the table.

    Like Roseanne Rosannadanna says “there’s always someting”. :)

    https://www.youtube.com/watch?v=9hYGtXIqDa0

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    make hay while you can.
    it’s all coming down.
    “Former UBS Trader Arrested, Charged With Rigging Gold Prices”
    Muwahahaha!

    http://3i2lq13pvwgh2ffbbxk9da411le.wpengine.netdna-cdn.com/wp-content/uploads/2017/04/apocolyp.jpg

  • Mark Shinnick

    You bet…keeps the big wheel con game going, stocks and bonds are meant to be sold in the first place, after all.

  • BobbyLow

    That’s good to know. Thanks.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yep. Mole had an editorial along these lines.
    think Fiscal Cliff, etc.

    EDIT: hence ignore the news, best take-away. EVERRRRR.

  • Brishort

    Upcoming TOI (Trade Of Interest)::

    — > ZB quietly competed a 31.8% retracement. Entry on downbreak of uptrending trendline with stop 100 BPS higher. https://uploads.disquscdn.com/images/d172024fdf47bf033280fda8e77d72f7828870becaf25464969801a8a54735da.png

  • Julie

    BL Isn’t there a song ” Always Something There To Remind Me ” ? I think there is
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    https://www.youtube.com/watch?v=blwc8myYLWA
    I’m a memorable kinda guy.
    😉

  • Julie

    GG That’s it !
    JULIE

  • BobbyLow

    Man you are fast. I was just going to post the same piece. :)

  • HD

    EW defined by HD has predictive value. HWB entry with a stop at .618 will win more times than not. I did say from the beginning I wasn’t following RN or Pretcher’s work. Have you ever read analysis and thought to yourself a) I’m smarter than this author(Rn & Pretcher) b) there is an error in their work? If you took RN’s work literally and followed his findings of the non electronic markets in the 1920’s and applied them to today’s HFT’s and BOTs you missed the mark. Don’t take that out on me. You like strict rules & purely mechanical set ups and this market requires constant adapting IMO. Flexibility.

    Let’s just leave it as useless noise. I’m fine with that.

    Did someone else post a 20% mover in the last 4 days?

  • OJuice

    /CL looking reasonably strong. Approaching resistance at $50. If it can clear this price level, a variety of target become available on the upside.

    I have a bullish bias. FYI. https://uploads.disquscdn.com/images/96251f66fda3da0c6c4808e7db80466e73501db775851c70ac63fd753c5bd804.png https://uploads.disquscdn.com/images/877911631d8b1f08fd2735b32e166abccb703a2584bc3df317714405e826a4bd.jpg

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Google user since 2000. Before it was cool.
    :-)

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    Standing aside, good but too marginal trades become too costly of mental capital.

  • HD

    thx, Appreciate the conversation. I can’t put my work in RN Elliots terms so Mole can pick it apart. Only he benefits from that. I don’t really owe him anything either. Just sharing ideas. I got something from his volatility analysis so I stuck around and stuck my neck out. Weird that it got such a reaction but it’s the internet. Tuff crowd sometimes.

  • Brishort

    Would tend to agree on diagnostic. However to supplement the toolbox, would also recommended to check seasonality for Oct. & Nov. Only ancillary value, but still worth a check.

    https://uploads.disquscdn.com/images/1e57cd3e494e5468a11b4cd5cb578cda119348713da63a8bbd38cd10ab1e89b0.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    we need a Dennis Gartman observation to be truly sure.
    😉

  • Mark Shinnick

    I’m keenly interested in anything you’ve found workable with short term volatility, where I’ve found classic charting in those fast trenches to be extremely useful.

  • Wave_surfer

    Dwindling momentum and then some rolling over in the indexes (esp. IWM), but I am wondering if ‘this’ is the size corrections we get now and it will just gap up in the morning.
    I got no edge, just blind guesses, so I am keeping my powder dry.

  • BobbyLow

    Hey HD. If you have something that works, more power to you. :)

    I believe quite a few people here (myself included) had our asses handed to us chasing Primary 3 down back in 2009 and 2010. I don’t know if we can ever erase the bad experiences we had even though in my case, it was my own fault for swallowing that Bull Shit hook, line and sinker. There’s really nothing against you and if you are successful using EW that’s cool. But some of us had a lot of money go down the poop shoot using EW and that memory and the stink of that loss will be with us forever.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • OJuice

    I think Yoda was in charge of the Gartman Fade Trade.

  • OJuice

    Seasonality definitely not so hot. I have been using this resource recently.
    http://charts.equityclock.com/crude-oil-futures-cl-seasonal-chart

  • Øyvind Nyhammer

    At fourth attempt NDX ended above 6000. Now is the time to sit back, relax, count the money and let the bull market run its course.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Did I say “green arrows”? or did I?

    ps. Tee time expires (close) tomorrow. No refunds after that.
    =P

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    but this time is different,
    we’ve got Florida & Houston rebuilding.

  • Brishort

    Question: why would this daily close be more relevant than other datapoints? On a weekly I can see the logic of the analysis with proven TA of weekly close for the chart. But on daily, hardly any statistical evidence of relevancy of a specific close, and multiple demonstrations that round numbers are human based mental anchors, not specific markets relevant turning datapoints. https://uploads.disquscdn.com/images/113000ce4b91fe5adbed89835c275b46277317c1fe8911f2424154150177c300.png Previous intraday high was at 6009.61 and still not exceeded.

  • Yoda

    He has been keeping a low profile over the last 2 weeks

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    like Mole said..remember the bulltards love round numbers.

    given 7 years, Captain *may* have changed his stance. 😉
    http://evilspeculator.com/last-bear-standing/

  • http://evilspeculator.com Sir Mole III
  • OJuice

    Thanks for the reminder.

  • Øyvind Nyhammer

    This one really.

    27.July it got turned down hard first time it got near 6000.
    It then established a rock hard double bottom in the 5780-5800 area, based on that I invested at 24-Aug.
    On 29-Aug we had a strong Kim Jong Un drop at open and the market turned hard around at the previous double bottom and went up, confirming that this is an ongoing bullmarket.
    Next time it hit 6000 was 1-Sep, and it got turned down.
    It also got turned down at 6000 yesterday morning.
    Now the resistance is over and it is time to resume the bull market.
    Why the number was 6000 this time I dont know. Thats were the market chose to put up a stand. It could have been 5800 or 6200, but it wasnt.

    https://uploads.disquscdn.com/images/3965a65237be1d434ecbfcbf4bf2ab7ae9d4107f43253fed4ee84de7de40c8e8.jpg

  • http://evilspeculator.com Sir Mole III

    Why is it weird to receive constructive criticism? Has our culture devolved to the point where straight questions are considered personal attacks? Aren’t we here to discuss anything related to successful trading? There are no sacred cows, and if you post analysis here then you can’t suddenly start hiding behind ‘proprietary’.

    Regarding you not owing me anything. Well, I didn’t ask you for a favor, I asked you to back up your claims about EWT. That’s what I do when I present ideas here. And since you’ve been benefiting from years of free research and ideas right here I do believe that I ‘deserve’ the benefit of the doubt. But fine – point taken.

  • http://evilspeculator.com Sir Mole III

    We had only ourselves to blame.

  • Øyvind Nyhammer

    I suggest you short the hell out of it and see what happens.
    The wall of worry is there for everyone to see and to climb.

  • OJuice

    Can you re-post the link to your twitter? They seem to have been deleted from a prior post.

  • Mark Shinnick

    Yes, shorting is a bit like playing dodge with a train….everything must go just right within all parameters to survive. Lots of people just prefer the train ride :)

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    oh calm down. are all Norwegians so touchy?
    I’ve got this little indicator…kept me out of helluva lot of trouble.
    You know, November!? after US elections! 😉
    I don’t violate my indicators.

    http://stockcharts.com/h-sc/ui?s=%24BPCOMPQ&p=D&yr=1&mn=0&dy=0&id=p48131776857

  • http://evilspeculator.com Sir Mole III

    Time and again I heard him say, “Well, this is a bull market, you know!” as though he were giving to you a priceless talisman wrapped up in a million-dollar accident insurance policy. And of course I did not get his meaning.

    One day a fellow named Elmer Harwood rushed into the office, wrote out an order and gave it to the clerk. Then he rushed over to where Mr. Partridge was listening politely to John Fanning’s story of the time he overheard Keene give an order to one of his brokers and all that John made was a measly three points on a hundred shares and of course the stock had to go up twenty-four points in three days right after John sold out. It was at
    least the fourth time that John had told him that tale of woe, but old Turkey was smiling as sympathetically as if it was the first time he heard it.

    Well, Elmer made for the old man and, without a word of apology to John Fanning, told Turkey, “Mr. Partridge, I have just sold my Climax Motors. My people say the market is entitled to a reaction and that I’ll be able to buy it back cheaper. So you’d better do
    likewise. That is, if you’ve still got yours.”

    Elmer looked suspiciously at the man to whom he had given the original tip to buy. The amateur, or gratuitous, tipster always thinks he owns the receiver of his tip body and soul, even before he knows how the tip is going to turn out.

    “Yes, Mr. Harwood, I still have it. Of course!” said Turkey gratefully. It was nice of Elmer to think of the old chap. “Well, now is the time to take your profit and get in again on the next dip,” said Elmer, as if he had just made out the deposit slip for the old man.

    Failing to perceive enthusiastic gratitude in the beneficiary’s face Elmer went on: “I have just sold every share I owned!”
    From his voice and manner you would have conservatively estimated it at ten thousand shares. But Mr. Partridge shook his head regretfully and whined, “No! No! I can’t do
    that!”

    “What?” yelled Elmer.

    I simply can’t!” said Mr. Partridge. He was in great trouble.

    “Didn’t I give you the tip to buy it?”

    “You did, Mr. Harwood, and I am very grateful to you. Indeed, I am, sir. But ”

    “Hold on! Let me talk! And didn’t that stock go op seven points in ten days? Didn’t it?”

    “It did, and I am much obliged to you, my dear boy. But I couldn’t think of selling that stock.”

    “You couldn’t?” asked Elmer, beginning to look doubtful himself.

    It is a habit with most tip givers to be tip takers.

    “No, I couldn’t.”

    “Why not?” And Elmer drew nearer.

    “Why, this is a bull market!” The old fellow said it as though he had given a long and detailed explanation.

    “That’s all right,” said Elmer, looking angry because of his disappointment. “I know this is a bull market as well as you do.
    But you’d better slip them that stock of yours and buy
    it back on the reaction. You might as well reduce the cost to yourself.”

    “My dear boy,” said old Partridge, in great distress “my dear boy, if I sold that stock now I’d lose my position; and then where would I be?”

  • http://www.captainboom.com/ captainboom

    There’s a research based app that can help you fall asleep, called mySleepButton. Seems to work for my wife.
    https://itunes.apple.com/us/app/mysleepbutton/id740251957?mt=8

  • StockTalker

    There she goes, watching for that gap fill now.

  • StockTalker

    I did:)

  • StockTalker

    Would not surprise me to see a 6k back test.

  • http://evilspeculator.com Sir Mole III