OPTIONS TRADERS CO-OP

[Caoi]

Thanks Penny already feeling better.

Here is a comment from a poster on another board , most of my best ideas come from other people

" Last Friday’s close marked a failure of the three week high test at 210.04 (SPY). Yesterday’s rally seemed to be a three-day test of the high, which also failed. Perhaps we move a bit higher on Monday morning to try to test last Tuesday’s high of 210.68 but it’s reminding me of when we topped out in May, first with a failed three month test of the high, then a failed three week test of the high then a failed three day test of the high, and perhaps the market even brought it to a three hour test of the highs before finally cracking. I’ll be watching the hourly chart now for topping action but I closed out calls Friday afternoon and added more puts in anticipation of a possible three month test of the low at 191 end of December"

Me personally i do not believe the bull is close to being done. Although we could get a negative day Monday