10 thoughts on “CHART OF THE DAY”

1. Bob UK April 14, 2015 at 1:27 pm

   Presumably it was in the biotechs that the 400% gains were made?
   1. gary Post authorApril 14, 2015 at 1:35 pm

      Call options in QQQ
2. red April 14, 2015 at 2:39 pm

   Greece is getting ready to default
   http://www.businessinsider.com/report-greece-is-getting-ready-to-default-2015-4
3. Ken April 14, 2015 at 5:01 pm

   I see a top being made in the S&P and the Dow. I think I will be an idiot and get some shorts on immediately.
   1. gary Post authorApril 14, 2015 at 5:06 pm

      People have been seeing that top for 6 years.

      You can light your hair on fire and run through the dynamite factory. You may even get lucky and survive…but you’re still an idiot.

      There’s no need to take risky trades like shorting a Fed protected stock market when the easy and big money will be made by just waiting for the next ICL.

      Of course most traders are really just gamblers so they take stupid trades like shorting stocks.
   2. ted April 15, 2015 at 3:03 pm

      Oops. I hate to see this. Don’t stay short! Please.
4. mark crawford April 15, 2015 at 12:29 am

   Gary,

   I agree its idiotic to short this market as long as the FED in charge. What is your ICL target, 2040?? or lower?
   1. gary Post authorApril 15, 2015 at 9:23 am

      Normally I would look for a 50-62% Fibonacci retracement, but with the fed backstopping the market it may stop at 38%.
   2. gary Post authorApril 15, 2015 at 1:52 pm

      I’m guessing our buddy is already wishing he didn’t short the stock market.
      1. Crawford April 15, 2015 at 7:22 pm

         All time close was 2117 and we are at 2110 – we are entering the danger zone for sure.

Comments are closed.