AI
Monday, January 30, 2012 1:03:45 PM
Good morning Bob
As I looked at the open today, ajtj99's EOM play came to mind. That is you buy the low by 11am the next to last day of the month and you sell on the last day of the month, tomorrow. Thus far the play is positive.
I may play the next leg down, I did not want to enter a short ahead of the EOM.
Looking at the 15 spx chart, the drop doesn't have much structure. If there is an impulse in the drop it is the open today and that would make this up corrective, which means the EOM play should not work this month. We'll see of course.
As I looked at the open today, ajtj99's EOM play came to mind. That is you buy the low by 11am the next to last day of the month and you sell on the last day of the month, tomorrow. Thus far the play is positive.
I may play the next leg down, I did not want to enter a short ahead of the EOM.
Looking at the 15 spx chart, the drop doesn't have much structure. If there is an impulse in the drop it is the open today and that would make this up corrective, which means the EOM play should not work this month. We'll see of course.
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