Knights of The Round Table

[Option Howie]

I am as well HH. Seeing how the session went on Friday I don't think this market is going to all time highs. I actually think it's time for a 5-10% correction. You can see it in the daily SPY and NDX charts. In my opinion, and only my opinion, I think we see more of the up/down/up/down sideways chop for about 2 weeks. Then when those DAILY MACD's cross center line we are gonna see a bloody week that is gonna take that correction off in one week. At least that is the move I'm watching and playing for. Because I want to be in the puts when we get that 200-400 point NDX drop in one week...