I am busy right now. So I will just put this up and work on this more later. But this is basically a coNtinuation from my last piece, with a changed thesis.
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Thursday 2:23 PM ET. Update. IN ORDER FOR THIS TO GO WELL, WE NEED 1710 BY MONDAY OPEN, PUT PREFERABLY FRIDAY CLOSE. Obviously buy a few 3/13 ATM calls if you have 500 to throw around.
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It is not moving as fast as I would like, so I have to put 1710 on Thursday 3/19 acter FOMC.
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Wanted the 3/12 comment below up here but posted in the comments by accident.
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Friday the 13th. Update: there goes the floor. So much for fundamentals, huh? This idea is finished.
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Friday, 3/13, 2:33 PM ET. Update.
I never liked the fundamentals game bc theres so much to think about. For once, considering the situation I took the 70-30 argument for CRASH UP if 1550 held, since it did not, it is obviously all the way down, it is just a matter of how.
1. This idea is finished. 2. While I work on Part 3, the previous article takes precedent. 3. From now on, we go binary for a sure win. 4. Despite this idea's brief life, please follow for my next one. All I talk about is GC.
It happened just as you predicted lol. You got to learn trading first
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@KevinAlme, In my first article, I had it right. But "fundamentals" made me change my mind when the fed intervened MASSIVELY. So I figured we were spiking hard even though my Infinite Volume Oscillator didn't change the bear case. Visit my first article you can see what's generally coming.
KevinAlme
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Ha ha
Binary_Forecasting_Service
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Thursday 3/12 9:38 PM ET. Update:
1) GC is testing today's lows. Will of steel conviction as long as GC doesn't break 1550 convincingly, meaning 1547 and immediate bounce is okay but drag slowly to 1543 risks full blown crash.
2) Fundamentals support strong Federal action in the United States in the coming week that combines monetary, fiscal and health policies that no doubt involves deployment of mass quarantines.
3) And that cannot be done without the dollar taking a hit vs gold.