i dabbled in RACK for a bit - did not get what i wanted out of it! ;) but the chart still fascinates me to this day.
in my mind your getting a lower open on monday on the SP-500, anything after that is fair game, but a lower open seems likely, imo.
for all intents and purposes, for my small fry account and my eyeballs, whatever they are worth.... that is a double top... WITH a bunch of other...
from the double top, i am not concerned. thats why i dont trade options - i dont know much about them (hands on experience) and im sure someone...
my account is not terribly large. the stakes are not terribly high for my account. so, thats the truth above.
i will read this closer, sorry.
i scale out when i feel like it. not often though.
maybe, but im not selling my exposure.
give me your analysis of RACK - this is a very interesting chart.
if the system is concerned about short selling, they should increase the margin requirements imo.
i have to agree, but its just my opinion. indicators seem to suport the thread title, imo.
i see one potential problem as well, and i am watching it. volume is not a worry though at this point imo.
you could churn the qqqqs if you were so inclined, imo.
SPY looks incredibly bearish. what can i tell you, :( its not my fault.
im willing to take downside because my gold timeframe is approximately monthly.
at this point i could not justify no exposure, but obviously the chart is a nervous one.
i too am short from the double top.
obviously, if he was, he'd be RETIRED by now! i mean seriously.
" Predicting oil at "under $55" isn't very bold and if he were right, it's not likely to get him much recognition. His prediction was bold and...
it seems to me that its HIGHLY unlikely he has been doubling down.
Separate names with a comma.