Friday should sell off and set a new low for this move.
Any puts you own should be closed out at 1pm.
Monday should open with a spurt, but should fizzle later
Tuesday should do just the opposite
WEd to friday stand a very good chance of making a CLIMACTIC sell off to finish the decline on Nov 30.
Anyone waiting in the wings with cash, just hold on a couple weeks till Dec 10th, then sell the farm and buy stocks, calls, etf's whatever you want. I can assure you that BANK stocks will SCREAM, as will just about everything else.
This yr the bears got the turkey and the bulls get Xmas.
Best Wishes
Jay
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1 comment:
Jay,
I don't understand why you say to sell the puts if you think we are going even lower next week?
Do you look for a pop to get short again?
Jerry O
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