OPTIONS TRADERS CO-OP

[gdl]

Why would you hold in a presumed top, unless you don't see one? Always easy to exit and reenter later. Locked into very long term moves has been the smart play for a very long time. I personally feel a super cycle depression style move is in store. If that happens you would need a 30 year horizon to even out the loses.

I have been talking doom and gloom for some time so perhaps it's just ingrained in me. I hope i am wrong since it benefits no one to have a world that depressive.

On a lighter note, tomorrow is my TELL. It has to break down sometime tomorrow or my scenario short term is all wrong. I think if/when it does happen it will be deep and quick. Most are anticipating a continued rally till year end right here. My window is also closing for a possible drop. that's why I placed those bets. Seeing a 4th day rise this shallow when the prior 3 were so steep makes no sense if we are embarking on a rally. I think my assumptions get answered tomorrow. Will lose a good chunk of money if wrong. Can't see a slow developing move. Either up up and away or drip, drip, till breaking point.

I believe either way tomorrow will end very dramatically. Straddle perhaps?