AI
Thursday, August 26, 2010 2:20:15 AM
"Nothing is worse than ambiguity! Sometimes it’s more important to be clear than to be right."...said a wise man.
With that in mind, I shall propose a scenario:
1. - a small correction UP to 1064 or even to 1077, followed by:
2. - a reversal and sliding on wave 3 down to 1000.
……..After all, it’s only a scenario.
=====
On my trading account, after a day of modest gains on the upside, I am now hedged:
VIX Sep calls + SPY Sep calls.
.GIF)
With that in mind, I shall propose a scenario:
1. - a small correction UP to 1064 or even to 1077, followed by:
2. - a reversal and sliding on wave 3 down to 1000.
……..After all, it’s only a scenario.
=====
On my trading account, after a day of modest gains on the upside, I am now hedged:
VIX Sep calls + SPY Sep calls.
.GIF)
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