Want to turn $5k or $10k into possibly $50k or more? Well obviously the answer is with options and the key to that is timing. Did you know -- 9 out of the last 10 years OCT 28th was the exact turn date of the SPX/DOW into the Nov/Jan bull run? What's even more interesting is that THIS year is a MAJOR cycle low due between Oct 17th and what? Oct 28th!
Point is, the 'plan' is for the SPX to run now to between here and 950 making a clear inverse head and shoulders. The cycle high date is May sometime. But as you know within a month or so is fine for that high date. That means it could come anytime and with the downtrend being tested in the market, this might be a falling inverse H&S. But that doesn't matter. What matters is the setup. The key is not to trade this current leg. The key is to wait for the turn of this rally back into a weekly fall into the Oct cycle timeframe. What 'should' happen is that the market falls slowly and then starts to selloff big into Oct really starting in Sep. The low however should be contained around 750 +/- 50 points. That makes a near perfect inverse head and shoulders setup that most likely will be the low because many will buy that level on that anticipation. The difference though this time will be no one will want to miss it like they did now. These patterns are hard to predict on the front of them. But once you see them setup, then you can easily jump in on the continuation.
I'm so excited about this because what I've been seeing is because of the range of most of the larger stocks, far out of the money options are just freaken gold mines. I mean literraly, you can turn $3000 into $50k on one trade in a week. You can buy say, APA $90 calls for less than a $1 when it trades back to $60 on the next market fall, then this time will make basically the same setup inverse H&S as the market overall and break its neckline at $80 which would propell it well north of $100. Even at $100 that would 10x your money for a near perfect play.
ETFs like TNA the same thing. QLD, too. Key low float tech stocks like SYNA. All these things on the next leg down will be MONSTER buys with little money allowing you to nearly 100% for sure triple your money or much much more by year end.
I just feel like I owe to many of you on the MRVL board because that stock hurt so many.
Normally I hedge my plays. However due to the nature of the market's attempt to bottom this year, I think the trades are clearly straight calls or puts.
Look at C. C of all things. Look at its breakout today. $6 and most likely $8 to $10 within a month? Watch how it trades tomorrow off the GS earnings. But anything under $4 could be a monster play and the way to play it is with the $5 calls 2 months out.
Could be an easy double or more.
AI
