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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 31.69+2.9%Nov 21 4:00 PM EST
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To: northam who wrote (131644)1/2/2020 4:03:08 PM
From: robert b furman  Read Replies (2) of 206967
 
HI northam,

I'm talking my game here <smile>, so I'm hoping we get a decline into WWW on the 8th and up into the expiration on the 17th.

Since today was a big blast up, I'm hoping that attracted some recent buying.

I had a lot of puts expire in December and a very large bunch this month on the 17th. After that I'll be looking for a "big bad bear" short term dip to reload into.

I'm not real committed on that because we may well just go parabolic,which would be absolutely the best case.

If we have just a normal bull here in January, I think you weekly 2020 review is very close to the money AND it coincides with Gann's personality of 10th year markets.

If your scenario and Gann's come true, I'll be seeing my puts expire worthless for must of 2020 and I'll not get that big bad scary crash to provide really good opportunities until a later H2 2020 dip going into the election time of indecision.

If this is the parabolic blastup- I'd expect to see the Russell 2000 lead vs lag like it did today - but one day does not make a market.

Thanks again for the update.

I hope you didn't think I was putting words in your mouth. I was trying to weave a consensus of smart market readers into my view.

Bob
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