Tuesday, January 15, 2008 9:38:10 AM
This morning is the SECOND day in a row that demonstrates the value of being BOTH lomg/short da-Markets before da-Bell!?
And given that we play ONLY options and ONLY options in regard to da-Q's, it's VERY important to be armed and ready to confront an attack from wherever da-Boyz decide to march next!?
The good news is we finished the day yesterday net SHORT, but it's understanding da-Boyz true intentions that will allow us to maximize our profits going forward?
OBVIOUSLY we have a Pattern Violation, AGAIN, and hence, we go forward knowing that 48.01 may become the High of the week!? We therefore must extrapolate some lines of meaning so let's get to it!
The weekly PM has been around 4.0% the last few weeks, see below.
Last six wks PM (Percent Movement)
Ending
07Dec, 4.2%
14Dec, 3.7
21Dec, 5.3
28Dec, 2.3
04Jan, 6.7
11Jan, 4.8
I think it's safe to use 4.0% for an average wkly PM?
excercise
One, assume a wkly High of 48.01?
wkly low = 46.09, (48.01 x .96 = 46.09)
This lies between the R9(46.02), and the R8(46.67), Ok
Two, assume a High of 48.60, not likely but the we're assuming here folks so let it go!?
low = 46.66, (48.60 x .96 = 46.66)
This hits our R8(46.67) on the head so hey why not, with da-Boyz involved I think we can all agree anything's possible?
Ok, so I've shared our typical re-congifuring excercise when pattern violations of meaning have transpired, Now let's go forth and proser accordingly, yes, let's. LOL!
Good morning ALL,
nm
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