Charting the Crash

[wayneL]

Shades of Chicken Little perhaps, but if this is the start of something big, let's chart it.

Half an hour before the open Dow futures are down 121 points.

Below is the Nasdaq 24 hour chart. Note that the last bar is price action before the open.

 

[Freeballinginawetsuit]

Gee what a sadist, would you like me to provide a whip and leathers for you as well!?

 

[Lucky]

Would this happen to do with China tanking last night???

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDTbCpU1gZdQ&refer=home

Down 9%

 

[wayneL]

Gee what a sadist, would you like me to provide a whip and leathers for you as well!?

No! This could be the most valuable lesson any of you ever learn... particularly shoeshine boys.

That said, this may not be the start of a crash at all. But it is an interesting day for any market participant.

Watch and learn.

 

[ducati916]

There is one muppet who is NAKED short puts on the FTSE about 30 contracts......don't know what the FTSE is doing, but, I bet IV has ticked up a touch.

jog on
d998

 

[Freeballinginawetsuit]

Happy to watch and learn Wayne , no need for the jibs though....I wont go their

 

[Magdoran]

Shades of Chicken Little perhaps, but if this is the start of something big, let's chart it.

Half an hour before the open Dow futures are down 121 points.

Below is the Nasdaq 24 hour chart. Note that the last bar is price action before the open.

Good move Wayne.

Well, I did call Feb 24 as a possible top weeks back for the XAO, and called the index level at 6025 a week out on this site... so it doesn't surprise me. All the markets are looking toppy.

However, it could just be an 18 day pull back (or less), and then retest the high (if a marginal eventuates then my XAO target date is 01 April). But this could be a big move... We’ll know more as it pans out...


Mag

 

[Magdoran]

There is one muppet who is NAKED short puts on the FTSE about 30 contracts......don't know what the FTSE is doing, but, I bet IV has ticked up a touch.

jog on
d998

Yup, IV should fly up... may have to buy puts on the counter trend if you want in...

 

[ducati916]

NASDAQ hit the worst at the moment

 

[wayneL]

Happy to watch and learn Wayne , no need for the jibs though....I wont go their

Gee what a sadist, would you like me to provide a whip and leathers for you as well!?

I'm so glad.

 

[ducati916]

Mag's

I've been ready for a while.

d998

 

[ducati916]

I've got an arb on the bid/ask the prices are ****ed up already

 

[Magdoran]

NASDAQ hit the worst at the moment

how about the European markets too...

 

[Magdoran]

Mag's

I've been ready for a while.

d998

Yup, me too. It's PAYDAY!

 

[ducati916]

My FTSE guy will **** and then die........his margin will go through the ****in roof

d998

 

[ducati916]

second bid/ask arb

 

[wayneL]

Yup, me too. It's PAYDAY!

MERCENARIES you are!

 

[Magdoran]

My FTSE guy will **** and then die........his margin will go through the ****in roof

d998

Not sure what your plan is arbing it. Straight puts here, couldn’t get set in a spread… hence partial exit target is a must in case this is just a counter trend and not the big one…

Possible pull back then continuation is possible, but I prefer the correction model currently…


Mag

 

[markrmau]

I reckon the S&P will bounce back to end only .3-.5% down. We shall see.

 

[Magdoran]

MERCENARIES you are!

What Wayne,


You the great bear, aren’t you short too???


Mag