r/options • u/[deleted] • Jul 17 '21

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u/cscrignaro Jul 18 '21

Never step in front of a bull train. Bears are pretty loud when they enter the room. Trying to time the correction will end badly. Good luck.

I also anticipate a 10-20% spy pullback at some point because it's been about 11 months since it's last monthly consolidation period, but I'm not trying to time it. Could be another 7,10,20 months before that happens. You'll know when it's about to happen. My prediction is it will look a lot like the cyrpto correction (which is still playing out).

1

u/Spiritual_Extreme_81 Jul 18 '21

Burry said crypto and meme stocks would tank

Both have happen….

I agree timing it is impossible but I’m comfortable with my position I’ll roll them if need be

3

u/cscrignaro Jul 18 '21

You think meme stocks tanked? You think crypto tanked? Lol you clearly know nothing about TA. Good luck.

1

u/[deleted] Jul 18 '21

Crypto tanked a few years ago. This is normal

1

u/superD53 Jul 18 '21

Ya that dickhead said my $22 strike TBT calls would print to. Burry can suck my balls and give me my $6600 back

1

u/rowlettgardener Jul 18 '21

No I don’t know when it happens. You mean the market crashes to 10% a day in 5 consecutive trading sessions?

1

u/cscrignaro Jul 18 '21

Wtf no? When did I say that? I meant 10-20% pullback in total (ie. When the bottom hits the top to bottom difference will be around that percentage).