Falling wedge = short term bullish reversal in the works with accompanying oversold RSI...
SPY 60min went from 75 rsi to 38 in one day...lovely (rsi 14 settings)
Consolidated for the whole morning.... zzzzzz
Low balling the August 25 SPY 141 calls @ 0.60 for a quick 20-40% gain, need the last flush to fill...or else miss it entirely
Nice call, I went .65 - 1.00 on that one and caught it almost perfectly. Thanks for pointing my eyes in that direction!
You did excellent, envy face
Currently, I bought (very little) lottery tickets on AAPL from yesterday's house money. August 25 AAPL weekly puts at $3.0, (this is a low probability trade, therefore it's a lottery ticket)
I have ultimate target of 640
Last edited by Unique on Wed Aug 22, 2012 2:23 pm, edited 2 times in total.
strong come back, let's see if it could be a C&H breakout. tinted would then be the target.
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Falling wedge = short term bullish reversal in the works with accompanying oversold RSI...
SPY 60min went from 75 rsi to 38 in one day...lovely (rsi 14 settings)
Consolidated for the whole morning.... zzzzzz
Low balling the August 25 SPY 141 calls @ 0.60 for a quick 20-40% gain, need the last flush to fill...or else miss it entirely
Nice call, I went .65 - 1.00 on that one and caught it almost perfectly. Thanks for pointing my eyes in that direction!
You did excellent, envy face
Currently, I bought (very little) lottery tickets on AAPL from yesterday's house money. August 25 AAPL weekly puts at $3.0, (this is a low probability trade, therefore it's a lottery ticket)
I have ultimate target of 640
Good luck, that is a lottery ticket but could happen! And thanks again
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.