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INDEX:SPX   S&P 500 Index
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Trance-Man
2 years ago
And then where do you plot the movement after that? :) (ABC)
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DonkeyTrades Trance-Man
2 years ago
it could turn into a deeper abc correction, the c point hitting the 0.618. or it could bounce at the 0.382 and start a new cycle, or turn into a double or triple zig zag correction. you would just have to wait and see. my guess is that there is going to be a much more significant correction, as the S&P is much overdue.
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Trance-Man DonkeyTrades
2 years ago
:) Wait where is the 0.618? Thanks.
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DonkeyTrades Trance-Man
2 years ago
snapshot
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Trance-Man DonkeyTrades
2 years ago
Nice, thank you.

I bought the VXX puts.
= $31.00 Dec 26, 2014 =

If you were me (opinion I know) how would you play it?
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DonkeyTrades Trance-Man
2 years ago
trade it to the 0.382 then exit
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Trance-Man DonkeyTrades
2 years ago
But the VXX puts are inverse of the S&P. If S&P has a rebound on Monday I was thinking, on the rebound I exit position (with a profit - this position benefits on a S&P increase) and then take a new position maybe on an expected deeper fall on the S&P, in that case I would then Buy the VXX Calls, maybe the $33.00 Calls for Jan 9 or such. Thoughts? Thank you, by the way, interesting insight.
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DonkeyTrades Trance-Man
2 years ago
trade the E-mini S&P Future
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