Thursday, February 19, 2009

Feb 19

looks like spx 755 today at 2pm and or 4pm

Rally tomrrow into Monday

Holds thru the new moon on Tuesday


Im planning to buy puts on any rebound to 9:45 or 10am;
I will add more if higher or equal at 11am

126bars @ 1;30
156bars @ 4pm- might be the LOD
OR
OPen on friday
this requires monitoring the close
If the LOW, then the open Friday will rebound strongly

Most likely I will sell them at 4pm

more later
Jay

2 comments:

  1. Anonymous9:38 AM

    Jerry:

    With pessimism as low as I've seen for the past several years, is there any chance for a substantial rally within the next week or so, that would rocket to S&P 900 by March 15th?

    Thanks for your good work
    John (from Prodigy Days)

    ReplyDelete
  2. HI John From p days
    March 4th to 10th substantial LOW

    YES- rally from there to late march
    then DOWN again

    look at the 60 year chart

    April19th Armstrong HIGH

    May to June 13th
    repeat of 1949

    Spx 600

    Jay

    ReplyDelete