FebOE Stuff?
Holy Freakin Snickies, talk about a ST Bottom Bell RING-ing ceremony, Ding, Ding, Ding!? We just completed the left portion of the “W” bottom formation and we should have Three White Soldiers and Three consecutive higher closes on da-Q’s into 28Jan?
We did just as we said, played daily intraday Shorts to build profits while maintaining our Long Bias. We even increased our Long positions by DOUBLE-ing up on our Feb46 puts and we went to a QUAD position on our Feb45 calls! We even END-ed the Day 100% Long just as we’d said we’d do, Sweeeeeeeet!
It’s VERY Seldom that we have the luxury to be 100% Long at the Close but we knew an Important ST bottom was forming and therefore our calculated Risk/Reward assumptions may pay off over the next three trading days?
That said, it’s in our charter to be BOTH long/short at the same time and as price breaches the OE Pivot, 45.35, and extends to the R1, 45.92, we’ll allow our charter discipline to dominate our trades and move to a NET Short position at the close!
OE Pivot, 45.35, close on 18Jan
High, 44.77, up -1.3% (Wow, the High is below the Pivot, Ouch!)
Low, 41.61, dn -8.2%
Close, 44.01, dn -3.0%
Spread, 3.16
PM, 9.5% (Huhh, 9.5% in Two days, Nearly Unprecedented!)
We start today with the following Open OE Port positions:
Short positions (expecting the Q's to go Down)
Nada, Zero, Bipo
Long positions (expecting the Q's to go Up)
Feb45 calls at 2.03, (QUAD), bought long
Feb45 puts at 3.35, sold short
Feb46 puts at 3.25, (DOUBLE), sold short
This gives us a net LONG da-Q's bias going into today and we'll use said Long Bias to play intraday Short plays to protect our Long positions and to post gains in an effort to minimize our pending losses on Open Positions.
These intraday plays are strategic in nature and will help us post profits that will off-set our losses incurred during this OE period as we HOLD Core positions indefinitely (see below side notes, Pending Gains/Loses)!
DCB (Dead Cat Bounce or NOT)
While the OVER-Whelming pundits, self-Proclaim-r’s, Messiah’s and/or “Prophet’s” of DOOM have probably been silenced ST, we do expect a Pre-DCB wave to extend up to the OE Pivot, 45.35, and maybe even see an extension to the R1(45.92) before weakAsskie longs RUN for da-Border? This will Obviously bring out “da-World is End-ing Proclaim-r’s but rest assured we’ll be dare to guide you through it – AGAIN, LOL!?
We posted modest gains yesterday as we traded in and out of Both puts and calls intraday and unloaded for same day profits. Hence our FebOE profits increased by $1.16 to $2.32 as we started the day with $1.16 in profits (how cool was dat, $1.16 for each of the first two trading days, we must be in sync and at ONE wit da-Universe, LOL)!
Those gains are actually quite good since most of our gains usually come a couple weeks into the OE period. Mostly just positioning our pawns, bishops, and knights during the first couple weeks so it’s a bonus to post modest profits already!
Btw…if you don’t play Chess then I suggest you STOP trading Immediately and go learn da-Game, da-Chess game dat is! But don’t stop dare, stay away until you can actually BEAT someone at Chess. Otherwise, as most players who read to learn vs. actual experience, you’ll have learned just enough to lose your SorryAsskie life Savings, Got-it, Get-it, GOOD!
Side note (Pending Gains/Losses):
These gains/losses will post when positions are removed and/or expire!
Loser’s
Feb45 calls (QUAD) at 2.03 – 1.19 (closing $) = -0.94 x 4 = $-3.76
Winner’s
Feb45 puts (SINGL) at 3.35 – 1.80 (closing $) = 1.55 x 1 = $1.55
Feb46 puts (DOUBL)at 3.25 – 2.35(closing $) = 0.90 x 2 = $1.80
Net gain/loss pending for above positions at the close = $-0.41
This pending gain/loss(s) is dependent on our ability to navigate this OE period with the utmost precision in regard to da-Boyz! Not to worry, we suspect da-OEPM factor will shed some light on da-Boyz and their Footprints of meaning (True intentions), LOL!?
For your viewing pleasure da-OEPM 4cast-r says.....?
Date Open High Low Close
18-Jan 45.64 46.14 44.76 45.35
22-Jan 42.83 44.77 42.73 44.18
23-Jan 42.54 44.15 41.61 44.01
4cast
24-Jan 44.40 44.98 44.01 44.87
25-Jan 45.12 45.56 44.77 45.28
And in da-Spirit of da-Boyz club and their House rules, we remain committed to being BOTH Long and Short at the same time so as to be READY and ABLE to meet-em at whichever lines they decide suits their fancy and at a time and/or day of their choosing (Ohhhhh BOYYYYOYZ, come, and, GET US, LOL)!?
In summary, YOU GO BOYZ and do your thing, but remember this, we got your Back, Front, and any other side you choose to expose as you paint dem dare pictures, I guess Boyz will be Boyz now won’t They, LOL!?
Good trades ALL,
nm
BONUS OE STUFF, Remember – the CLOSING price tells ALL in regard the OEPM factor!
OE key Pivot Points
R8, 49.89, 10%
R7, 49.32, 8.75%
R6, 48.75, 7.5%
R5, 48.18, 6.25%
R4, 47.62, 5% , Now our Primary Bounce Target!?
R3, 47.05, 3.75%
R2, 46.48, 2.5%
R1, 45.92, 1.25%
Pivot, 45.35, 0.0% , Our Primary target to confirm Launch Mode
S1, 44.78, -1.25%
S2, 44.22, -2.5%
S3, 43.65, -3.75%
S4, 43.08, -5% , tagged 23Jan and now Serious Support
S5, 42.52, -6.25%
S6, 41.95, -7.5%, Absolutely Awesome to tag the -7.5% down marker so SOON!
S7, 41.38, -8.75%
S8, 40.82, -10%
Most importantly, ARE you having FUN YET, I know I am!
FYI - we post EVERY trade in real time and in many cases post pre-trade sell and buy orders with trigger prices in anticipation of our 4cast! So ENJOY da-Show as we rat out da-Boyz club and have a little FUN while we're at it (I hope da-Boyz don't read dis-post otherwise they'll be GUN-ing for us - AGAIN, LOL!
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