The 126 bar cycle hit right at the open, and a small recovery is in progress at 10:30 am
the BEST advice I have to offer is :
GET SHORT AT 4PM today and stay short till Jan 18th CLOSE - new moon that night.
259 bars hits at 10 am on the 19th so expect a very breif overthrow and solid recovery on the 19th.
today has another 180 bar cycle hit at 2pm just after a minor lunar astro event at 1:27
Together they are apt tp produce the days low.
Jay
3 comments:
Jay,
You bought some Feb. Calls yesterday, but you want to go short today at the close?
Yes, the Feb calls are day trades and sometimes short term position trades for a day or two.
Are you an experienced trader?
Jay
Yes, mostly the indexes, but I trade options with a percentage of the equity.
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