Hi Red, long time no talk LOL FWIW that was a serious reversal pattern today and my take is they pin the SPY between 117.01 and 119.99 most likely around 119 for OPX. After that who knows but you just have to be nimble and know your options! I have a video on a 80% winner I did on Monsanto on http://www.hotoptionbabe.com and http://www.optionsblackboard.com
I luv pain. In New York you have to pay for getting spanked. But you get it for free, when you trade.
I got rid of my TZA and bought some puts. Still short to the wazoo but only risking a very small % now. I am saving a ton of moolah on maalox and vaseline. Booyah!
Thanks Earl. I keep an open mind. However, I have to wince when I read comments that we gapped lower 2 days in a row so we will gap up tomorrow based on probabilities.
How are we defining those probabilities. The stock market is not Gaussian. If I flip a coin and get 100 heads in a row, I still have a 50 percent chance of hitting a tail.
The study of 'runs' is very interesting and has preoccupied minds much brighter than mine.
once $SPX loses red containment, it's a long fall to yellow
http://www.flickr.com/photos/47091634@N04/45033…
Hi Red, long time no talk LOL FWIW that was a serious reversal pattern today and my take is they pin the SPY between 117.01 and 119.99 most likely around 119 for OPX. After that who knows but you just have to be nimble and know your options! I have a video on a 80% winner I did on Monsanto on http://www.hotoptionbabe.com and http://www.optionsblackboard.com
your wish will probably be granted
tomorrow if the operators park the $SPX above max containment on the 60 around 1180 you'll able to sleep easy over the weekend
ha ha!
Dear Lord Almighty. Forget the lottery, just gimme a 200 dow pts gap down day before April OpEx.
I did but ended up going back to beg for a second chance.
🙁
I hope you did not give notice at the burger joint yet.
I luv pain. In New York you have to pay for getting spanked. But you get it for free, when you trade.
I got rid of my TZA and bought some puts. Still short to the wazoo but only risking a very small % now. I am saving a ton of moolah on maalox and vaseline. Booyah!
Thanks Earl. I keep an open mind. However, I have to wince when I read comments that we gapped lower 2 days in a row so we will gap up tomorrow based on probabilities.
How are we defining those probabilities. The stock market is not Gaussian. If I flip a coin and get 100 heads in a row, I still have a 50 percent chance of hitting a tail.
The study of 'runs' is very interesting and has preoccupied minds much brighter than mine.
Thanks Sundancer.