Options Wonderland

[Market Technician]

it closed @ 866. if you look at the scale it indicates a 40% chance of short reversal right @ 866. I merely scale into shorts as the probabilities rise. they are not definite numbers. the higher the close, the more probable the short trade may be successful. besides, I have a long-term view: I will sell my gold puts between $500-$600 for maximum profit in feb or march.