Looks like we have unfinished business at 13.8
... aside from that, wondering how many times we are going to bounce off 1400.. Have to think it will be breached.

kbit 

Looks like we have unfinished business at 13.8 ... aside from that, wondering how many times we are going to bounce off 1400.. Have to think it will be breached.

Expecting 13.8 some time monday, will be looking for next trade some time after that happens

kbit 

Looks like we have unfinished business at 13.8 ... aside from that, wondering how many times we are going to bounce off 1400.. Have to think it will be breached.

That's taken care of, trying to figure next move

I guess I'm more prescient than I thought...1400 in the dust. From the looks of things, I'm thinking to favor the short side until we get to 1350 and then reassess.

That said, I know everyone says the reason for the drop is the Korean pissing contest but, I think it's in no small part due to the fact that the average Joes out there are opening brokerage accounts like crazy these days.
You know how it works in terms of the masses jumping on board and the big guys happily sell into them.

I read a couple articles recently regarding the jump in new accounts and know what's coming...We finally might get a ten percent drop or so before it's over. The suckers will keep on buying and get buried.

Maybe not, maybe I'm dreaming but a significant drop is way overdue in my estimation.

kbit 

... Maybe not, maybe I'm dreaming but a significant drop is way overdue in my estimation.

Is it not what the gambler thinks after seeing a run of 10 red at roulette? Black is due my friend

kbit 

I guess I'm more prescient than I thought...1400 in the dust. From the looks of things, I'm thinking to favor the short side until we get to 1350 and then reassess. That said, I know everyone says the reason for the drop is the Korean pissing contest but, I think it's in no small part due to the fact that the average Joes out there are opening brokerage accounts like crazy these days. You know how it works in terms of the masses jumping on board and the big guys happily sell into them. I read a couple articles recently regarding the jump in new accounts and know what's coming...We finally might get a ten percent drop or so before it's over. The suckers will keep on buying and get buried. Maybe not, maybe I'm dreaming but a significant drop is way overdue in my estimation.

Trying to figure where we go from here. Thinking 1300 may be in the cards...so favoring the short side still.
The 64 area interests me so will be watching there, though we may not get that high before it resumes...blah blah blah

Got a pretty good rip today. I know it's been years already I've been continually amazed on how high we keep going based on really nothing... That said I am looking for a return to 1554. My guess is we will see a big drop one of these nights.

Alternatively, we get to 1600 then it works its way down but, I favor the big drop over night scenario on this one.
I of course realize prognostications are generally worthless but just wanted to chime in.

kbit 

Got a pretty good rip today. I know it's been years already I've been continually amazed on how high we keep going based on really nothing... That said I am looking for a return to 1554. My guess is we will see a big drop one of these nights. Alternatively, we get to 1600 then it works its way down but, I favor the big drop over night scenario on this one. I of course realize prognostications are generally worthless but just wanted to chime in.

Not playing out as I thought but 1554 remains in my sights.

kbit 

Not playing out as I thought but 1554 remains in my sights.

I think it's time to scratch this one...you know what happens now...

kbit 

I think it's time to scratch this one...you know what happens now...

Maybe between now and when the old buzzard talks on Wednesday I'll finally see 54