
Hi Jeff,
I’m counting on this downside move starting now! Thanks for your insight and information. Very much appreciated.
How have we stayed up this long it just makes me wonder everyday. There is nothing that is being done politacally taht is going to help us but take us down more in my opinion. Who wants to hire people not knowing what healthcare is going to do. Pretty concerning what could happen here but if you keep your powder dry(having cash) there may be some buying opportunities galore out there. Now the problem will be what will the new low be and when do you get back in? I don’t have any idea how the Fed can come back in and reinflate this again so what can be done. We are going to have to find a new way to fund growth.
Went to cash back in April & have been trading SDS and FAZ since (buying calls and selling puts)with great success. Also trading bear call spreads in the SPY and bull puts in FAZ, again with great success. Plan on continuing with this stragedy until the trend changes.
I’m buying SPY puts.
Sounds like it’s time to remove one of the wings of the iron condors for awhile and just play the bear call spread. We’ll see how it plays out….
At the risk of upsetting the time/space continuum by being able to change the present based on the future, I would indeed behave differently. That is really no different from those of us today who “think” we can see the future (of the market) and make trades accordingly, today. Also not too different from people who always check their horoscope reading before making a move on their day. So I would think that if we are honest with ourselves you should overwhelmingly hear that “yes, I would act differently.”
Now, do we in fact act differently when we “find out” that the market will do x or y? That depends on what we ourselves “think” the market is going to do, or more importantly, “want” the market to do. We are all very good at finding commentary and agreement to support our own belief, even at the risk of minimizing or ignoring sometimes irrefutable evidence to the contrary.
Of course, how do we validate the claim of the future event? Based on the above phenomenon, we tend to first look for evidence or commentary to support OUR own view if it is counter to the future claim. Or, we blindly accept the future claim as accurate – again because it coincides with our own, and/or because we don’t know HOW to validate the claim.
In either scenario, we are then left with the question of what action “should” we take? Regardless of whether you believe the claim or not, the ultimate decision comes down to this last question. In the end we either act as if we believe the claim, as if we don’t believe the claim, or we do nothing (which is really saying that we don’t believe).
Me? I still check the horoscope!
Your message (blog) appears to tie in with the spx100 deathcross…soon to be the spx deathcross? Just a little glance at the future!
I will just ride the exculator weather its going up or going down.
Jeffrey,
I spent the last 6 months of 2009 studying what is really going on and have sources that you should evaluate in order to best protect your family.
Please send me your e mail address, and I will send you some extremely important information for your evaluation.
Jack Fraley
I bought 20 Gold Eagles the first part of this year. The last two months most of my option spreads have been Bear Calls. I own long stock position in TZA. Am I bearish? Yeah, until I get some other indication to reverse my outlook.
I have taken your course and apply what I have learned, although I usually take a slightly lower probability (more risk).
I also trade Calendars, Iron Condors and a few Butterflies.
Jeff
Hi Jeff- it is music to my ears to hear that you subscribe to the same ideology I have about our economy and where it is headed. I have been preparing for global economic chaos/collapse for a long time. I still have a lot to do, but one of my main goals is to become wealthy in the process, and be able to preserve it for my family – which is why I decided to subscribe to your service.
I believe that times like this make & break fortunes- I intend to be on the “making” side of the equation with your help. I have already pre-positioned about $35,000 of my investment account with OTM long calls in FAZ, SDS, TZA, & SRS. I know this is the kind of speculation which you capitalize on, but it was already in place before I signed up with you, so I’m betting on the long shot for a huge score by Jan ’11 option expiration. My plan is to take my seed $$$ out asap & if the market tanks I will reap millions on their dime.
Although my learning curve is steep because I do not have chart reading or TA skills I would like to be up to speed with your program asap so I can manage my investment account to great wealth. What do you recommend? I have also been taking physical possession of gold & silver trying get prepared for hard times. Where are we supposed to protect our wealth when the dollar collapses?
I live in Prescott, AZ & would love to attend any workshops or meetings which you sponsor to meet you.
Keep up the good work!!
Brian Mounsey
Heavy in cash, little bent more to the downside with inverse funds, equities on the long side that I have left are dividend payers with OTM options sold against them-considering switching to closer strikes or ITM sold call options. Problem is I feel most everyone knows the conditions in the world;however it comes to this HFT and the BS the government pulls it makes it a little hard to get overly exposed on the downside because someone somewhere is going to pump up this market regardless of conditions-apparently today is short covering before the weekend;however we are not at closing yet.
My best alternative is to short the ES, YM and commodity currencies.
I agree. It appears we have some tough times ahead and need to prepare immediately to generate a steady, reliable income streams. My immediate plans and activities involve rewatching the trading video’s learning TOS trading platform’s analyze tab and prob of expiring graphs and start paper trading the watch list next month.
Sell bear calls when a major break of support occurs or when confirming from a bounce down off resistance that was previous support – also buy puts on the index eg SPY to protect all your positions.
I have not started preparing yet. First I would like to get started by trading. Listening to your intro.to credit spreads makes so much sense, I cant wait to get started. Ive just got to get my finances in order now because of my past failures with options. I am ready to try something that is consistent an steady.Please comment on any suggestion you may have with getting started. Thanks! Maurice
Definitely believe we are in for continued down trend in the market or at best flat market.
Biggest concern for me is current government policy and the unknown over tax and health care effects going into future.
Thanks for going over those 10 signals. The marketing going down has been on my mind a lot, it’s kind of scary keeping me in cash and or looking for things to short.
Hi Greg, no problem… glad they helped!
Bruce… It will indeed be very interesting to see what effect the health care bill has on the market!
We need to remember we are only 38% of the global GDP now. Past indicators are not as reliable as before. The global market is may turn our market positive before we know it. Corporations are sitting on a mountain of cash. I can not turn on CNBC without hearing the words “double dip recession.” History has shown that after a massive run up in Gov debt the stock market started a major bull market. Investors are still putting large amount in bonds. Fear always takes your eye off good investments.
Yes, don’t understand why it hasn’t come crashing down already. Read that the Fed is propping it up buying stock? Maybe some people think that equities are a store of value, but we are deflating now. Many companies flush with cash but also have record levels of debt too? Just watching every day and keep rolling puts to the next few months out, and spread trading the swing opportunities I guess. Scary times for us all.
Always, the great motivator.
Enjoyed Tony’s commentary.
New to the site, thanks so much!!!!!!!!!!!!
To Jeff and crew: HAVE A GREAT DAY
Hi Alfred, Welcome to the site… I’m glad you are apart of it!