[mact3333]

Originally Posted by F1Venom

Mact, just trade for a day and you'll make more than enough for one. And if you'd like to know, dealers are still getting those $10k incentives from Nissan so I'm sure you can get a 2014 BE for mid-$80s now.

Just to be clear, if you think I am some super great trader making millions and millions then I would be a fraud!...I am just a regular Joe who has a crystal ball I rub every night to give me guidance, no more no less...

Only the people who have followed this thread for 3+ years know the true value of this thread and my thoughts within it...to most I am just another grandiose narcissist MB poster selling snake oil, which I cannot deny really...but I do get it right sometimes no?...

[F1Venom]

I've read every single post of yours, Mact, and you're really gifted. I cannot say that I know of anyone that has the market's pulse so well.

[F1Venom]

Holy shit...

[E86Z]

^^ same here, you've saved my butt on multiple occasions. Including today. But I do have some longer term stuff I'm not sure if I'll let go of even through tough seas (dividend stocks).

Thanks mact

[mact3333]

Wouldn't it be funny if Dow closed down 498.67775?.... Just to be dramatic...... No predictions just would be funny

[MrPrena]

-1.5% , +0.5% , -1.75%, +0.58%, -2.00%, +0.67%, -2.25%, +0.75%, -2.50%, ............




WOW FALL!, WOW we are recovering with steady climb!
WOW we are falling harder! WOW we are recovering some today!

^I hope it is not this situation.

[F1Venom]

Originally Posted by MrPrena

-1.5% , +0.5% , -1.75%, +0.58%, -2.00%, +0.67%, -2.25%, +0.75%, -2.50%, ............




WOW FALL!, WOW we are recovering with steady climb!
WOW we are falling harder! WOW we are recovering some today!

^I hope it is not this situation.

SPX is at the major resistance TL...

[F1Venom]

Price ended slightly below, so who knows. Probably get a flush at the open.

[slamako]

Hope nobody was in NFLX. Ouch!
Holders of Put options on NFLX..wow!

[slamako]

Mact....

See link below. I thin you and SLM come with the same calls (albeit with different tools).
You think we will see a dead cat bounce tomorrow or more bloodshed?

[MrPrena]

Originally Posted by MrPrena

Does your left shoulder has too much dandruff?
OR
Is your hair falling?

tilted for sure

[mact3333]

Originally Posted by slamako

Mact....

See link below. I thin you and SLM come with the same calls (albeit with different tools).
You think we will see a dead cat bounce tomorrow or more bloodshed?

Don't see link...who is SLM?

Think selling pressure eases abit but very short term...wouldnt be excited to take long positions.

Now I did take a small SPY call position while down huge today for sport cause I saw an indicator that usually mass short term bottoms...up huge on this position already......will be selling it tomorrow though.

When I rub crystal ball it says "sell sell sell " like the Duke brothers from Trading Places........seriously, I see no indication for taking long positions for longer timeframe as of right now.

[mact3333]

also, during bears glass is always half empty during earning season...ie-Netflix!...ouch down 115.00 AH's.

[F1Venom]

Originally Posted by mact3333

also, during bears glass is always half empty during earning season...ie-Netflix!...ouch down 115.00 AH's.

Yeah, and it was kind of a huge leader the past two years which leads me to believe the bull market is coming to a close. So you think we're in for more selling this week? I've got 1760 as a bottom if 1800 doesn't hold, but I'm still thinking we rally November-January. Maybe even reach and make ATHs.

[slamako]

Mact..sorry no link

http://tos.mx/JkcYZP
(click on the chart)

SLM is Steve Miller from Tasty Trade (www.tastytrade.com). Ever since 2008, I tried to learn how to protect myself from free fall situations. Eventually, I found myself on this site. This is where I am learning the most (and this forum).

I would like to hear what you think of SLM's call. He's calling retracement on the SPX to 1896-1920 and then after that, it could be another ride.

[nnnnnnnnnnnnnnnnnnnnnn]

Originally Posted by F1Venom

Yeah, and it was kind of a huge leader the past two years which leads me to believe the bull market is coming to a close. So you think we're in for more selling this week? I've got 1760 as a bottom if 1800 doesn't hold, but I'm still thinking we rally November-January. Maybe even reach and make ATHs.

So one thing that makes me chuckle is you use ATH. Please stop using it. Nobody in the business uses it.

The past few weeks have been great. A lot of de-risking and sector rotation. Huge buying opportunities. Nobody who does this for a living is trying to a call a top or a bottom. Get in while it is cheap, maybe lose a little in the beginning, but make it big on the upside. This morning we saw a lot of heavy selling, then it completely switched around 1-1:30PM to opportunistic buying in certain sectors. Nobody is afraid except for risk management and compliance people. When your risk guy taps you on your shoulder and says it is time to shake a few positions off you do so to get him off your back. Its the best time to hunt for deals.

[stylinexpat]

[F1Venom]

Looks like another bloodbath is about to start up today.

[F1Venom]

Market bottom?

[F1Venom]

I went long some dec spy 195c here.

[SLOWER]

Any thoughts on eBay at a 52 week low today?

[slamako]

Originally Posted by SLOWER

Any thoughts on eBay at a 52 week low today?

I'm looking at a weekly chart of EBAY and what I see is a perfect head and shoulders....from a technical analysis...i think it's got more to drop.
It also blew by it's support at ~48.00.