A Stock Market Crash is coming!

most viewed right now
 78
Game a cornball for how hard he went at Meek for no reason
145 comments
@hiphop
most viewed right now
 63
Image(s) inside Rare Pics of B.G. Derrick (N.O. Rap)
100 comments
@hiphop
most viewed right now
 60
Post Malone almost commits career suicide on stream
261 comments
@hiphop
most viewed right now
 40
NBA After losing seven straight, Stan Van Gundy calls out Andre Drummond, Pist..
55 comments
@sports

section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 6 years ago '08        #161
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
Ok I bought SPY 124x (next week's expiry) puts at 1.40.... Holding overnight.
 6 years ago '08        #162
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 o7media said:

But we should close flat today with a doji on the daily.

Markets closed flat, as predicted. Slightly lower than expected. No doji on the daily, but a spinning top which is just as bearish if not more.

My puts I bought at 1.40 closed at about 1.48. So up just a little on them, about 5%...

Waiting for the big sell off tomorrow (hopefully if I'm right)
 6 years ago '08        #163
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
Also I should mention tomorrow I'm looking for a close below 1208 S&P. We closed at 1244 today. So I'm looking at about a 40 handle drop tomorrow (close between 1200 - 1208)
 6 years ago '08        #164
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 o7media said:
Markets closed flat, as predicted. Slightly lower than expected. No doji on the daily, but a spinning top which is just as bearish if not more.

My puts I bought at 1.40 closed at about 1.48. So up just a little on them, about 5%...

Waiting for the big sell off tomorrow (hopefully if I'm right)
Actually the puts finished at 1.53 after the AH movement was over. So up 9.3% so far.
 6 years ago '10        #165
Ambassador 444 heat pts444
space
space
space
$18,665 | Props total: 5 5
The only thing that may bring the markets down is the jobs report in the morning. I heard the whisper number is above expectations and we'll end up rallying. I will look into the SPY options chain pre market and position myself then.
 6 years ago '08        #166
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 iNsane said:
The only thing that may bring the markets down is the jobs report in the morning. I heard the whisper number is above expectations and we'll end up rallying. I will look into the SPY options chain pre market and position myself then.
I only play charts, I don't pay attention to data or news because it's only short term, a drop in the bucket.

And to be honest, and a lot of people don't agree with me on this, but we're all just pawns in the big boys games. News/data is known before hand to the big guys.

But we can sell off on good data and rally on bad data ...it happens all the time, that's why it's unreliable. Gotta stick to charts to be successful IMO.


[pic - click to view]

 6 years ago '10        #167
Ambassador 444 heat pts444
space
space
space
$18,665 | Props total: 5 5
 o7media said:
I only play charts, I don't pay attention to data or news because it's only short term, a drop in the bucket.

And to be honest, and a lot of people don't agree with me on this, but we're all just pawns in the big boys games. News/data is known before hand to the big guys.

But we can sell off on good data and rally on bad data ...it happens all the time, that's why it's unreliable. Gotta stick to charts to be successful IMO.


[pic - click to view]

No I understand what you're saying. I pay attention to charts all the time but let's say markets don't sell off? What if the pattern you're showing on the chart doesn't execute? Is it simply considered invalid?


Last edited by Ambassador; 12-01-2011 at 10:10 PM..
 6 years ago '06        #168
philly337 20 heat pts20
space
avatar space
space
$28,985 | Props total: 10649 10649
Actually interested to see where we go from here....we're at resistance but tough to say since we didn't break through we won't in my opinion. The chart does suggest we should head down but we're at a point right now where its not concrete (macd makes me question heading down also....when we were hitting this resistance before macd was positive and looking to be heading down and now has went negative and has turned up and crossed). Another thing is the wave theory I posted a few Weeks back...now it didn't pan out within the time frame suggested but it did seem to bounce around point b which would suggest the bulls take us to point c and then tanks...again I've never really used wave theory and my knowledge is limited using it just have heard good things about it and have been watching to see how it plays out and the accuracy of it


[pic - click to view]



Last edited by philly337; 12-02-2011 at 06:10 AM..
 6 years ago '08        #169
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 iNsane said:
No I understand what you're saying. I pay attention to charts all the time but let's say markets don't sell off? What if the pattern you're showing on the chart doesn't execute? Is it simply considered invalid?
No those trend lines will still exist, but the markets will go to the next resistance level.

If a H&S pattern fails to break its neckline then yes it's considered invalid.
 6 years ago '08        #170
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
lol unemployment rate in november at 8.6% ..GTFOH

the estimate was still 9%...this was way better than expected, but futures are dropping.
 6 years ago '08        #171
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
In GLD 170x weekly puts at .38 (today's expiry) ...as a lotto play really.
 6 years ago '08        #172
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 o7media said:
In GLD 170x weekly puts at .38 (today's expiry) ...as a lotto play really.
Sold at .63 for a 65.8% profit :dancingcool:
 6 years ago '08        #173
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 o7media said:
Sold at .63 for a 65.8% profit :dancingcool:
damn GLD fell hard. puts got to almost .80 .. would have been up 110% ..oh well, not complaining.
 6 years ago '05        #174
MeziaaL 4 heat pts
space
avatar space
space
$15,469 | Props total: 2489 2489
 o7media said:
I don't think they'd be allowed to fail, but the stock is still a bad investment right now. But, if the markets do crash, banks will probably bounce back first IMO because of how bad they've been beaten down already.







That's true, there is no Gold standard anymore. I probably mis worded that, but the USD and Gold still have an inverse relationship regardless of the standard or not.
Gold has been completely disassociated from the dollar since 1971. The only relationship between the two is that when the dollar falls in value the Gold gains in value and vice versa.
 6 years ago '06        #175
philly337 20 heat pts20
space
avatar space
space
$28,985 | Props total: 10649 10649
.....


Last edited by philly337; 12-02-2011 at 12:09 PM..
 6 years ago '08        #176
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 MeziaaL said:
Gold has been completely disassociated from the dollar since 1971. The only relationship between the two is that when the dollar falls in value the Gold gains in value and vice versa.

[pic - click to view]





...that's what i said, inverse relationship.
 6 years ago '08        #177
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 iamliko said:
07 gotta say I jumped on ATTH at .15
Those are penny stocks, much riskier. But if you read my email alert I said there was resistance at .20 ..which it hit for a 33% gain and dropped.
 6 years ago '10        #178
Ambassador 444 heat pts444
space
space
space
$18,665 | Props total: 5 5
Good call on $GLD
 6 years ago '08        #179
o7media 47 heat pts47 OP
space
avatar space
space
$30,244 | Props total: 8654 8654
 iNsane said:
Good call on $GLD
Thanks
 6 years ago '10        #180
Ambassador 444 heat pts444
space
space
space
$18,665 | Props total: 5 5
Which site did you learn all your technical analysis from?
Home      
  
 

 






most viewed right now
 52
Image(s) inside Learn the difference between a DR. Wife and a "Boxden Simp Thot"!
191 comments
20 hours ago
@thotsdimesetc
most viewed right now
 46
Image(s) inside Ugly niggas watch ya step
68 comments
22 hours ago
@wild'ish
most viewed right now
 44
NFL Robert Griffin III, sets the record straight.
78 comments
22 hours ago
@sports
most viewed right now
 35
Image(s) inside Yall thought Twitter on Big Sean was bad? Check out the comments about..
216 comments
19 hours ago
@hiphop
most viewed right now
 30
Image(s) inside The Backshots would be crazy
20 comments
19 hours ago
@thotsdimesetc
most viewed right now
 23
NBA Kris Dunn Step Back Dagger
29 comments
18 hours ago
@sports
most viewed right now
 23
Video inside Throwback: Teen Gangbangers On Jenny Jones Show
49 comments
22 hours ago
@wild'ish
most viewed right now
 17
Dec 13 - Study: Women rate the strongest men as the most attractive
84 comments
21 hours ago
@news
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy