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Somebody is certainly enjoying pushing the HSI around today. That's the second violent break...

WTF:confused:

CanOz
 
Now that we've moved back to the composite value area at 20040 on the HSI, i would expect either a choppy afternoon around this area, or a bounce higher towards 20070 - DPOC. The Market is already off 1.3%.

If we break below 20020, then a bounce off 20000....if 20000 doesn't hold then look out below...:eek: Next support at 68 and 50, then fresh air until 19900 - 19880.

Lets see how we go!;)

CanOz
 
Anyone for some cheap JP ¥, .
View attachment 46873

...literally the last 2 day high for a month.

Selection_006.png
 
DPOC just shifted 10 points down to 20060. Nice head and shoulders pattern too, if that's your thing...

CanOz
 
Huh? what did I do/say?

You posted Apr 27 with a chart implying shorting the Nikkei was cheap (at least that's how I read it), for my own amusement I often track peoples calls, yours coincided with a vicious 1000pt Nikkei decline. All the markets went down, but even the CAC managed a two day high in that decline.
 
You posted Apr 27 with a chart implying shorting the Nikkei was cheap (at least that's how I read it), for my own amusement I often track peoples calls, yours coincided with a vicious 1000pt Nikkei decline. All the markets went down, but even the CAC managed a two day high in that decline.

50% chance of being right
 
You posted Apr 27 with a chart implying shorting the Nikkei was cheap (at least that's how I read it)

I do remember the call but unfortunately I doubt it was for any longer than the week ahead. But hey I'll take the Guru points thanks. :eek:ld:
 
Anyone think volatility is cheap as as all f right now? iVolatility has their IVX for SPX and ES running 13.~ with the 1Y low at 12....

Meanwhile:

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I'm not bearish but might be time to start buying a few OTM puts and collar up momentum trades on the NYSE open, not game to exit the underlying positions but tightening what I'm expecting a little.
 
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