lots of fear, even here, gotta be close to a short squeeze
Hope so. I'm not selling my long positions, just trying to dull the pain trading options.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
it has a gap on the daily chart back to about 62, literally from July of 2020. Before that, it was stuck in a box for a few months between 58 and about 49.jbeck3487 said:
Where is the bottom or next support for AMD?
I'd bet we're closer to a capitulation puke which would be preferable to a squeeze that delays the capitulation. I'm sitting at the local watering hole minding my business but listening to other people talking among each other. These are blue collar hard working people and they're discussing their 401Ks and mutual funds and if they should just sell out before they lose everything. This usually is a big indicator that capitulation and market bottom is close. JMO.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
topher06 said:Hope so. I'm not selling my long positions, just trying to dull the pain trading options.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
ProgN said:I'd bet we're closer to a capitulation puke which would be preferable to a squeeze that delays the capitulation. I'm sitting at the local watering hole minding my business but listening to other people talking among each other. These are blue collar hard working people and they're discussing their 401Ks and mutual funds and if they should just sell out before they lose everything. This usually is a big indicator that capitulation and market bottom is close. JMO.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
If you are following and get up scalping set a trail or stop immediately unless you know your SRs.cryption said:
I followed OA on that SPY 380c and was up this morning 18%, I took a screenshot and joked "hey now's a good time to probably sell." It was red the next candle.
Agree….capitulation will come before a bottom. No need to be in the way of that.ProgN said:I'd bet we're closer to a capitulation puke which would be preferable to a squeeze that delays the capitulation. I'm sitting at the local watering hole minding my business but listening to other people talking among each other. These are blue collar hard working people and they're discussing their 401Ks and mutual funds and if they should just sell out before they lose everything. This usually is a big indicator that capitulation and market bottom is close. JMO.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
How is this impacting and trends you are seeing? In TN I am seeing continual reductions in asking price.Red Pear BCS Luke said:
Interest rates are up almost 0.20% today.
Take that and apply it to your take on Housing.
ES Futures, probably said:
All your 3700's are belong to me
We've all been there at one time or another over the years.cryption said:
Yeah I appreciate it. I even thought about a trailing stop but I still get too attached to trades. Something I need to work on
The market always prices things in before "everyone thinks it will happen" and I'm in the camp that is happening now. If I'm right, there will be several posts of people saying "the market is rigged" or "why is the market going up everyday" because they loaded up on puts because it was logical. However you think the market will react in 6 months, the MM are adjusting right now.tremble said:ProgN said:I'd bet we're closer to a capitulation puke which would be preferable to a squeeze that delays the capitulation. I'm sitting at the local watering hole minding my business but listening to other people talking among each other. These are blue collar hard working people and they're discussing their 401Ks and mutual funds and if they should just sell out before they lose everything. This usually is a big indicator that capitulation and market bottom is close. JMO.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
I think we are still a few months out. Once we hit the depths of winter in Europe we will see the real capitulation. Spikes in US NG due to European markets buying everything off the market + the hit to corporate earnings from US multi-nats getting butt-plunged by a stronger dollar. Add in the EM balance of payment crises that are inevitable and it's going to be a **** show.
ProgN said:
... there will be several posts of people saying "the market is rigged" or "why is the market going up everyday"
I am about to put an offer in on a house representing the buyer. We are going to be offering for 85% of the already reduced listing price and the buyer plans to use the rebate to get an additional pricing reduction as well. Seller's Agent was actually receptive so deals are still being done but they are fewer, farer and more realistic then before. Noticeable uptick in supplyFJ43 said:How is this impacting and trends you are seeing? In TN I am seeing continual reductions in asking price.Red Pear BCS Luke said:
Interest rates are up almost 0.20% today.
Take that and apply it to your take on Housing.
Charismatic Megafauna said:ProgN said:
... there will be several posts of people saying "the market is rigged" or "why is the market going up everyday"
I think he was responding to this comment
I don't think anyone here is going to begrudge you the opportunity to opine on the markets