Staying in cash is the wiser thing to do today as Monday is another day full of opportunities. Speaking of which, we could be making an A wave up and B down today with C up on Monday morning… followed by more selling into the mid-week.
Probably go with a spread too at the end- just ub case 136.57 is all we get. Think it will be, as I dount they push this up over a point before dropping hard. But, anything’s possible
Thanks for reminding me. Once the bottom is in next week we should look for a rally that forms an ABC or 5 wave pattern up. So, 12/3 could be the top of one of those waves up. Then some selling for a B wave down (or 2 wave) and then back up into Febraury 7th-9th for Legatus (and probably the last important high before some serious selling starts… followed by the start of the crash in July/August, 2013)
Not today it seems, but I think it will hit by the middle of next week. Again, if we get up to the 137 area today I’ll likely go short over the weekend with a put spread (so the time decay doesn’t affect me).
Staying in cash is the wiser thing to do today as Monday is another day full of opportunities. Speaking of which, we could be making an A wave up and B down today with C up on Monday morning… followed by more selling into the mid-week.
Probably go with a spread too at the end- just ub case 136.57 is all we get. Think it will be, as I dount they push this up over a point before dropping hard. But, anything’s possible
Thanks for reminding me. Once the bottom is in next week we should look for a rally that forms an ABC or 5 wave pattern up. So, 12/3 could be the top of one of those waves up. Then some selling for a B wave down (or 2 wave) and then back up into Febraury 7th-9th for Legatus (and probably the last important high before some serious selling starts… followed by the start of the crash in July/August, 2013)
Red, 12/03/2012 is “11” day.
http://zstock7.com/wp-content/uploads/2012/10/avatar-012.jpg
Btw, tip for TD. If you call, and complain about there service, and threaten to switch, they’ll lower your ratesa to 7$ a trade/.60 a contract
SILVER Support and resistance: http://niftychartsandpatterns.blogspot.in/2012/11/silver-support-and-resistance-levels.html
I honestly hope we don’t.. We stay just shy so Monday leaves the perfect day for straight puts
Not today it seems, but I think it will hit by the middle of next week. Again, if we get up to the 137 area today I’ll likely go short over the weekend with a put spread (so the time decay doesn’t affect me).
Not seeinf the 132.1 happening?