Tuesday, February 10, 2009

NOW WHAT ?

OK, GLAD YOU ASKED.

OK,
We are getting MY projected DECLINE on the 10th
Now what?
The MARKET TOMORROW will open UP with a BANG
SHORT THE OPEN & sell your position at 11am

THEN what? ok ~ glad you asked
SHORT the CLOSE on the 11th
Sell out at OPEN on 12th = 30bars & 13 day segment @ 9:50am

then what ? boy you sure are needy(G)
on the 12th
BUY calls at 11am to noon
and HOLD onto your position thru Friday's close

More later
Jay
at

6 comments:

  1. Anonymous3:15 PM

    jay,

    do you mean BUY the open and then sell the position at 11am?

    ReplyDelete
  2. Anonymous4:52 PM

    great stuff as always Jay. Thx.

    Alvin

    ReplyDelete
  3. Anonymous5:12 PM

    I can see where the first poster is somewhat confused -

    You are looking at a up day tomorrow so are you looking to sell the open and close the short in the morning and reshort the closing or was it a typo and you are long the open, sell later in the morning and reshort the closing?

    Brian

    ReplyDelete
  4. Jay Strauss6:40 PM

    Brian
    Your first sentence is CORRECT
    ON Feb11th
    Expect a 200 point UP open
    SHORT It & close that position at 11 am

    THEN when the day closes higher at 4pm SHORT it- eg -buy puts

    Sell those puts at 9:50am
    same day Feb 12
    BUY calls at 11 to noon
    Sell those calls at or before 4pm Friday

    Hope that clears things up
    Jay

    ReplyDelete
  5. Anonymous7:02 PM

    Clear as day - thank you for the clarification

    Brian

    ReplyDelete
  6. Idris9:04 PM

    Jay and all,

    I see a host of negative aspects tomorrow all throughout the day.

    Moon 0 Saturn
    Moon 135 Mars
    Moon 102 Pluto
    Moon 90 Saturn/Uranus
    Moon 180 Uranus
    Moon 150 Chiron
    Sun 150 Moon

    Yet will lookout for your trends.

    ReplyDelete