You get the message. This is setting up to be one of the largest scale moves ( downward ) we will have seen in quite some time. As suggested many, many moons ago…I see the Japanese Nikkei as putting in a “lower high” on very large time frames. This is the market that leads. USD/JPY bounce is gonna flop hard.
I see SP 500 / Dow / Risk Appetite topping out with “near to all time highs” or even “all time highs” with a large-scale / major correction to follow. Can you understand that the investment world at large is “scared sh%tless” with respect to the current geopolitical situation? Let alone the U.S Gov gone broke and now nearing “shutdown” over the weekend.
Remember that pesky “debt ceiling” I was ranting about some months ago? Of course you don’t well…..if these boneheads in Washington don’t get their heads together over the next few days….Government shutdown.
Oh the irony. Trump needs billions for the wall? ( never gonna happen ) and promising tax cuts / infrastructure spending? ( never gonna happen ). The dems and repubs can’t get together on anything “of value” but they suuuuuuure can when it comes time to increase the debt ceiling right? Unreal.
I could just as well jump on this now as this is so telegraphed / so glaring. Short risk. Short USD. Short humanity.
We’re headed lower FAST, and with my profits in gold/ short USD via Forex – I will purchase enough graphene to build my elevator to space.
Future_Kong
Locked and loaded awaiting blast down!
Rock and roll Danno – I like your style!
Are you going to short the S&P Kong?
Do you think this massive massive ramp with 2 gap ups is setting us up for what will be at least a softer fall?.. I mean, we have to drop S&P 40-50 points just to get back to Friday’s close (500 dow points)… insane!
I’m looking for a much larger turn here. It’s been wishy washy here across the top for months.
This one will be worth a bite on the short side. No question.
Bought me some VXX Calls to end of May
Awesome….and please look to leg in another lot er two over coming days as…..you are early man! Love you ( as I am always early ) but…you might get even better prices a day er two from now.
Small orders over time people. When a turn draws near. Leg in over a couple days and don’t bet the farm at a single level like it’s “the only / exact level /price.”
I draw support and resistance lines with my crayons…..not my laser beam.
think 2450 to 2475, just sayin
What timeframe charts do u use for timing, it’s always the timing that can make or break a trade. Shorting the indices is always hard since the manipulating the top 10 companies like Amazon, google etc is enough to keep indices rallying while the underlying other companies r crashing
I look at many assets, on many different time frames but…looking at the Nikkei on a daily (looks like resistance) as well weekly ( already put in a lower high ) I start framing the idea that “risk appetite” is coming off, and global markets are pointing lower.
Then I look into cycles to get a broad stroke idea of “wether or not the timing is right” for a significant high / low on a daily level. Then start looking at reasonable levels of support / resistance “around” this place in time ( price areas of significance around this area ) then I jump down to smaller time frames and start hunting for reversal.
You are 100% correct in that shorting the Indices “themselves” is fraught with risk as the manipulation continues but…..get creative! Find other means to take advantage of the turn! Forex offers the purest plays, and moves in gold ( as a safe haven when risk comes off ) should also suffice.
You owe me
Looks to me like Gold move is already on!
I may step out and grab a few shares NUGT for fun…but hey – Do as I say right? Not as I do?
Extreme caution warranted.
Kong, fantastic info you drop here but what no love for jnug?
The forward split happens Monday so…..why get into it now?
It’s a crap shoot how these things play out – however…I still think it will rise.
Just that…….you buy 4000 shares at 3 bucks lets say…..then Monday you hold 1000 shares at 12 bucks…and it drops a buck er two? Small guys will get stopped etc…
No reason to get involved. Lots of other plays.
Word?
good hourly divergence on hui at 186 for a long here
Looks to me like miners in general ( looking at several different ETF’s / stocks ) will simply double bottom at the lows around March 9th….or “just above”. If by “some chance” the lows of March 9 are breached….hmmm….I’d re think but…..all looking perfect for Tues’ish.
re: split on jnug. percent is percent. makes no difference the price or number of shares. 1% up is just that, 1% down is the same as it was no matter the split. end result: dont get psyched.
still taking the “over’ on the debt ceiling bet. there could be a little market worry about it, but once resolved, as it will always be, its BULLISH. its that wall of worry thing again.
is that duct tape on future kong’s sleeve?
very impressive ..thanks man
http://www.washingtonpost.com/powerpost/congress-reaches-deal-to-keep-government-open-through-september/2017/04/30/5f58e9d2-2df7-11e7-9dec-764dc781686f_story.html?utm_term=.311065f7601a
yawn. another debt ceiling increase.