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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: catflu2™ who wrote (133951)3/18/2020 9:06:57 AM
From: Sun Tzu1 Recommendation

Recommended By
rdkflorida2

  Read Replies (1) | Respond to of 207417
 
Yesterday I advised people that even though I think the market may go down to 2000 - 2300 (I think closer to the upper range), it is time to think about what to buy.

On Feb 20th my key indicators changed from amber to red and predicted a market fall. They are now saying that we are making bottom (likely in a month or two). I will not go full long till I get a clear buy signal.

When the time comes to buy, don't expect a V recovery. It will be a U or maybe even an L. The way to get into the market at that time is to buy far in money calls, and sell near out of money puts during market rallies.