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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 55.38

-1.2%

Jan 14 4:00 PM EST

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isopatch

To: da_cheif™ who wrote (197969)	4/14/2024 11:02:42 AM
From: robert b furman	1 Recommendation of 207817

Good morning Cheif, Great history lesson. I'm thinking it will take a bit longer in time. As you have taught us, the week of monthly expiration seldom goes two days in the same direction. With last week's dominant downward skew, I'm expecting more down and then a Thursday or Friday lift up. UP, but not up enough. I'm hoping those strike prices that have very large open interest will get assigned on Friday's close. The boys challenge will be taking in enough discounted inventory, such that assignment will make them a pay check. These down into expiration closes catch a lot of put sellers in a nervous mood. A good ole ugly post option expiration dip will get the MM a lot of inventory back at the discounted prices of the previous week well below Friday's close. Then let's hope the small ABC doesn't morph into the Bigger A. It has been a long hiatus from an activated bottom spotter. I'd expect it to take longer for inventory replenishment. Aydis has only been negative for 6 days. I'd like to see it go positive quickly and anemically ,followed by a the C wave that shows some selling drying up. I'd like to reload up on some cheap shares! Full moon is 6:48 on Tuesday the 23rd. Then maybe we can call the ABC complete. Last but not least, next week is DUE DATE FOR TAXES! When you need to lighten up and cut a check by the end of the day, selling pressure is on! Let's see! Bob

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