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


To: #Breeze who wrote (199721)8/5/2024 12:53:11 PM
From: robert b furman  Read Replies (3) | Respond to of 207190
 
Hi Breeze,

Well that was fun and exciting.

This morning's fear really ballooned put premiums!

On 7/24/24 CVX's put premium for this month's 150 put was selling for $1.79.
This morning it sold for $7.75. A factor of 4.3 more times more in 8 trade days counting today.

Now we see where that Bwave takes us.

Does your fib ruler go the the 75, 78.6 retrace of the A wave dip?

Plus the gap at 5585.

Reminds me to be more patient. NEVER sell a put unless the bottom spotter is active!

If your Bwave can last 11 days, there's going to be a huge payday on expiration.A wave was 14ish?

Bob



To: #Breeze who wrote (199721)8/5/2024 4:38:39 PM
From: da_cheif™  Respond to of 207190
 
-20.......



To: #Breeze who wrote (199721)8/8/2024 1:45:52 PM
From: #Breeze6 Recommendations

Recommended By
DD™
Goldilocks
mark2market
rdkflorida2
skier31

and 1 more member

  Read Replies (2) | Respond to of 207190
 
S&P 500 E-mini Futures (ES1!) Wave Count Update. The wave count is playing out as I posit on Aug. 5th. However, I must provide an alternate count (in red) as this one is possible and would mean the correction is complete. The alternate count is a WXY. Where Wave Y had a truncated C wave (it's not labeled on this chart). Later today I'll label and post.

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