Here's some charts that let me sleep well at night...
stockcharts.com[r,a]daclyyay[d19980502,20030502][pc10!c50!c200][vc60][iUb14!Um12!La12,26,9!Ll14]&pref=G
stockcharts.com[r,a]daclyyay[d19980502,20030502][pc10!c50!c200][vc60][iUb14!Um12!La12,26,9!Ll14][J6389771,Y]&pref=G
stockcharts.com[r,a]daclyyay[d19980502,20030502][pc10!c50!c200][vc60][iUb14!Um12!La12,26,9!Ll14]&pref=G
stockcharts.com[r,a]daclyyay[d19980502,20030502][pc10!c50!c200][vc60][iUb14!Um12!La12,26,9!Ll14]&pref=G
The RSI has called a top in each of these indices for the last 5 years...
Patience grasshoppers...
EOM
Shoreco
PS
I stopped playing SPX options and moved to the es...
$ for $ It's just like trading "ITM/NTM" SPX options with at least 2 months of premium left, with no premium decay risk...
I find it much easier to stick to my guns, especially on days like today...
Of course if you buy those "lottery tickets" for a buck or two and the index makes a large move in your favor nothing will match that performance...
I've watched $3 options go to $75 on the SPX and then some...
EOM
Shoreco |
