Do you think the FED's POMO schedule (twice a week for the next 4 weeks) will cause the market to rally well above today's high (maybe the 1200 range on the S&P)? I appreciate your thoughts.
Earlier you said the mkt has topped..Has that changed..These double etfs and triple etfs are getting spanked..Also Sept.10 is gone and you have top for mkt and we are higher does this mean a few days or what..thanks
I know that holding with losses feels crappy. That's why I don't go all in. Coming in today with 8% SDS from 31.49 was not fun, but weekends is when the manipulators play. Basel was no exception. Now I have 14% and a short DJ futures position with my stop at Dec DJ futures 10,507. Tight.
Steve,
ReplyDeleteDo you think the FED's POMO schedule (twice a week for the next 4 weeks) will cause the market to rally well above today's high (maybe the 1200 range on the S&P)? I appreciate your thoughts.
John
Earlier you said the mkt has topped..Has that changed..These double etfs and triple etfs are getting spanked..Also Sept.10 is gone and you have top for mkt and we are higher does this mean a few days or what..thanks
ReplyDeleteThe top occurred Sunday night, not today. All we have today is 3-waves after the 10,480 Dec SP futures high. We have a 5-down. Rejoice.
ReplyDeleteI know that holding with losses feels crappy. That's why I don't go all in. Coming in today with 8% SDS from 31.49 was not fun, but weekends is when the manipulators play. Basel was no exception. Now I have 14% and a short DJ futures position with my stop at Dec DJ futures 10,507. Tight.
ReplyDeleteWe have 5 down.. when!thanks Robert.This mkt is not wanting to go down since S AND P 1040..IT HAS BENN PRACTICALLY Straight UP!!
ReplyDeletehuh?
ReplyDelete