There are a couple of reasons -- did you read TradingMarkets.com's book, "High Probability ETF Trading"?
In it, they researched the best ways to pick tops and bottoms for very short term trades in ETFs and the Q's meet two. Actually 3 of them.
The first is the RSI 25 strategy, the second is the %b strategy, and the third is the MDD strategy. I don't have time to explain them right now, but basically it's screaming reversal, if only for a few days.
I think $36ish coming and that means a possible 50% gain on these calls. Plus on BC's log chart, the Qs were under the lower 3 month bands, which has also been a pretty good indicator.
Oh, did I mention the hammer today?
So, high probability. Know that when I put those out, you should take it as a trigger that moment. I always say that the account will be entering the trade the next morning at open because many don't get these until they get home. So, I want to be fair to everyone. But the trade is on the second I put it out unless I put out a limit buy price.
But use your own DD to back up or confirm what I say. I'm not always right as has been shown. The key is to be right with the big winners and wrong with the small ones.
