At the moment the futures are down over 100 points with Asian stocks getting merc’d. As I do my routine scans, I notice a similar pattern, everything is trading near the top range of the “famous triangle.”
This is a perfect opportunity for the bears to pick up the ball and run with it. I will keep things simple and play the downside with puts in the Russel 2000, [[IWM]] .
Trader Stewie has a good video out on inverse ETFs, Check it out. Next leg down?
[youtube:http://www.youtube.com/watch?v=XERvmx2WCVs 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
oh shit, time to get fucked by mother market once again.
god forbid we have a fucking up week.
what happened to your trendlines for NOV, UYG ?
Keeping it simple ……… the right thing to do here IMO.
bot more rimm calls this morning.
and now I’m out of rimm calls completely my gain from buying this morning more than made up for my slight loss from buying yesterday.
RIMM? The way things are going today I would let the bear market rally take place then short the NASDAQ again with the QID. We are definitely testing the bottom again this fall.
so far, I have done nothing. Getting close to adding some NOV.
Lows are broken from first hour. Danny’s formula says we close the day much lower.
-1000, anyone?
RC. thanks for the shout out big guy!!! you see those freakin moves in SKF, EEV, FXP today???!!! reminds me of jdsu, qcom, and aol in 1999.