Thursday, February 12, 2009

Rewards

looks like shorting at 3pm will be rewarded this morning

choices we now have ____________

We can close out puts positions at 9;50 - 10 am

OR wait till Noon

most reversals require a an initial low and subsequent retest looking like a W- such should be today's mkt
SAME DEAL for the 13th, but tomrrow could be a V type low.

If I sell put position at 10, I will prepare my brain to buy calls at noon TO SELL AT CLOSE
OR
wait for a big close , then short it expecting another open low, this time at 10;56am, the 23.6%/13 day cycle low
coinciding with 180bars @ 10;30
OR
wait for this low and buy calls to SELL AT CLOSE

More Later
Jay
at

6 comments:

  1. Anonymous10:29 AM

    Jay, Do you trade the ETFs...If So what are some of yours that you like??

    You like options puts, spy?? What do you like to trade??

    Thanks Eric

    ReplyDelete
  2. Anonymous10:35 AM

    man you're the best ! :-)

    ReplyDelete
  3. Anonymous10:45 AM

    jay,

    once again you have nailed it !!

    i think buying the low at noon seems like the thing to do and then selling at closing - along with going short at the close - lots of buying/selling at the close....

    brian

    ReplyDelete
  4. Pauline10:49 AM

    U N B E L I E V A B L E, WOW!!!!

    As always, I'm impressed, keep up the good work Jay, it is very much appreciated.

    Thanks
    Pauline

    ReplyDelete
  5. Jay Strauss10:59 AM

    THANKS GUYS
    I will attempt to keep up the good work

    We all want to be millionaires this year

    SOLD puts at 10am $$$
    Bot a few calls

    Will sell at close

    tomrrow might open HIGHER, then take in the 13 day low at 10:56 before running higher for the day

    Jay

    ReplyDelete
  6. Superbear11:48 AM

    Quite Impressive.

    Not as much of an active trader as you are (since I do not daytrade), but your work helps me tremendously.

    I am looking for a short-term top on the 17th. Does your work confirm that?

    ReplyDelete