David Plonk<Are you expecting a 10% rally on the SP today?
"I believe tomorrow (Friday)will be an up day, with potential for a 2 of c pullback to the 1077-1082 SPX area. My strategy today was to buy Sept. calls on the dips to hedge my large Oct. put portfolio. I believe this strategy will work again tomorrow, and I may buy more calls on the dip to the 1080SPX area, and sell them on the close. My cycle duration analysis calls for this c wave up to conclude in globex trading before Tuesday's session (around 4:30 am Tuesday). "
David: Are you telling that the Sp is going to climb till 1077-1082 area from friday to Tuesday before opening? With Monday closed, you mean is going to climb today and after the close and before the open, but anyway, if we closed yesterday at 982.26, and going to 1082 is a 10.15%, are you serious about that?. Furthermore, you are saying that you plan to buy more calls "on the dips to the 1080 SPX area", i really don't iunderstand you, what dip? where are we going to be coming down from to say on the dips to the 1082 area?
Please let me know if you think that if the SP today breaks the 1013 area it will shut up to the 1082? is that what you think?
and finally, are you still expecting the big sell wavw down to start next week? on tuesady or wedenesday?
please let me know your points, i am very interested in knowing if we are near the big downturn, but maybe we have to go up big again before that, but seems to me that it all could be done in just a couple days, and that SCARE ME A LOT.
take care.
Juan Jose. |
