FebOE Stuff?
As expected we got the breach of the OE Pivot, 45.35, and even got an extension up to the R1, 45.92, ok so we tagged 45.87, whatever dudes, close enough when you be having da-Boyz involved! AND, as we suspected, the WeakAsskie longs started RUN-ing for da-Border, what a Surprise, LOL!?
We didn’t Exactly get our Three White Soldiers thingy, but it does appear we’ve completed the pre-DCB up wave as we hit the OE Pivot, 45.35, up 4cast and actually did extend to VERY near the R1, 45.92, as 4cast! This has set the stage to go back down for a re-test!? Unfortunately we END-ed the Week 100% Long and this portends some fancy Foot-wrk by us come Monday morning to get our SorryAsskies into a Net Neutral position at minimum and Net Short position as best?
As expected da-Boyz did make a RUN for the R1, 45.92, but they choose to GAP-Open just below at 45.86, OUCH, as this was indicating we’d at the very least work back down to the LOD 4cast of 44.91 (wow, about a buc lower), and worse yet, trigger a Pattern Violation and violate said LOD 4cast of 44.91? Well da-Boyz did trigger a Pattern Violation AND closed under the S2, 44.22, at 43.99, WOW again, dats about TWO bucs below the high, Whatda!? This price action has confirmed a re-visit discount wave as being HIGHLY Probable at this time!
We Sold Feb44 calls at the Open and bought back when the prices made it back below the OE Pivot for a nice gain but we eventually yielded to da-Boyz awesome manipulation and took our DOUBLE Feb47 puts to a TRIPLE!
Then we did the Unthinkable, we Sold-to-Close those Feb47 puts and took profits leaving us 100% Long at the Close, Whatda!? This was pretty ballzee since we did this when prices had already violated the Pattern and were trading as low as 44.07 or DOWN -4.0% from the HOD which portends further weakness next week, WOW!? We had indications that price would close at or around 44.70 but said indications got negated by, well, who else but da-BOYZ, YOU GO BOYZ!
Ok, so we’re ballzee, dat’ll get ya some pretty woman but what about profits? When you’ve been watching da-Boyz in action as long as we have you kinda have their NUMBER, da-Boyz number dat is, and this suggested to me that we’d get another chance to RE-Load said Feb47 puts at higher prices on Monday? Or at the very least, configure a strategy that’ll protect and allow us to profit as the Q’s re-trace their path into the Abyss!?
Let’s go forward with intentions to configure some wisdomal fortune-ness anti-Bullish configuration that both protects us as well as post profits if we be right about da-boyz being ready to launch a re-visit wave of meaning!?
OE Pivot, 45.35, close on 18Jan
High, 45.87, up 1.1% (Alrighty then, close enough to the R1, 45.92, to COUNT!)
Low, 41.61, dn -8.2%
Close, 43.99, dn -3.0%
Spread, 3.16
PM, 9.3%, Wow, 9.3% in first four days, Nearly Unprecedented!)
We start today with the following Open OE Port positions:
Short positions (expecting the Q's to go Down)
Nada, Zipo, Bipo, Nuttin
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 GOOD 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 $2.46 to $5.92 as we started the day with $3.46 in profits!
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, Get-it, Got-it, GOOD!
Side note (Pending Gains/Losses):
These gains/losses will post when positions are removed and/or expire!
Pending Loss(s)
Feb45 calls (QUAD) at 2.03 – 0.93 (closing $) = -1.10 x 4 = $-4.40
Pending Gain(s)
Feb45 puts (SINGL) at 3.35 – 1.94 (closing $) = 1.41 x 1 = $1.41
Feb46 puts (DOUBL) at 3.25 – 2.59 (closing $) = 0.66 x 2 = $1.32
Net gain/-loss pending for above open positions at the close = $-1.67
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
22-Jan 42.83 44.77 42.73 44.18
23-Jan 42.54 44.15 41.61 44.01
24-Jan 44.19 44.93 44.06 44.91
25-Jan 45.86 45.87 43.94 43.99
4cast
28-Jan 44.39 44.56 43.83 44.46
29-Jan 44.49 44.82 43.59 43.91
30-Jan 43.68 43.91 42.16 42.40
31-Jan 42.46 42.82 41.85 42.28
1-Feb 43.49 44.12 42.28 44.12
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 but we’ll likely have to complete the “W” bottom first!?
R3, 47.05, 3.75%
R2, 46.48, 2.5%, Pre-Launch Target into 25/28Jan?
R1, 45.92, 1.25%
Pivot, 45.35, 0.0% , Our Primary target to confirm Launch Mode, prices MUST Close and Stay above this line!
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%, Came within pennies of the S7 but I suspect we’ll NOT visit this level until June?
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!
