Value of Perfect Information

You can click on my name and see my prior posts/calls. Without taking up alot of space, I said that I thought all 3 of these (expecially tin) would START selling off as soon as “JULY” came do to QTR re-allocation. They sure have..$$

I think they are all 3 actually due a little bounce here, nothing moves in a total straight line. So I wait to reload, based on some technicals levels that I would like to RE-enter short again. (I sold my puts on these yesterday, entered from 1 July)

I do think TIN sees 8, GMCR 43 and GOOG 320 all before AUG! imo (but nothing goes in a pure straight line, we just had a very nice move in all 3 of these since the start of july, i think they get a “corrective” wave here now …imo, so i step out and wait to see if they all retrace a lil of that past week down push.

(will upload the charts of each a little later this evening)

Yes everyone and their mother is watching the Head and Shoulder break down on the spx. I think we are headed lower too. But i dont think this is the best entry right here right now. Short the pops! (not just short at any ole entry) The vix daily chart is at channel resistance. I think it breaks through, but from my experience very rarely does it happen on the FIRST blast going from the very bottom of the channell all the way to break out above the top. So i think we get a small end of week market bounce to confuse everyone and have then doubt the entire H n S. The most “ideal” signal to me…would be for the vix to pull back to about 27.50, making a triple bottom, and we call all just call the 25 blip a “throw under”……

I think the higher probability is the vix pulls back a little bit here (ie market moves up a tad)….BEFORE the vix breaks this wedge/channell.

(here is the vix daily….)

Tags: GMCR, GOOG, Puts, SPY, TIN, VIX

Categories: Charts , Markets