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MRCapital

12/16/08 8:34 PM

#40732 RE: langlui #40731

I'm hoping to give a 500%+ OE play with SRS to everyone in options wonderland...The perfect storm is shaping up for it!
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MRCapital

12/16/08 8:39 PM

#40733 RE: langlui #40731

In fact SRS $60 puts were a 600% play today!
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~6979~

12/16/08 9:07 PM

#40734 RE: langlui #40731

That would be the minimum expection...I would suspect a five wave series up is coming...you can usually tell if its going to be a five wave series if the third wave is greater in time & price than wave one...you can usually tell wave three is going to be bigger than wave one if wave one breaks into its own five intra waves....

...but remember, its not 100% that a bottom is in yet...If we didnt hit today we are at least very close...

I havent decided exactly how Im going to play it yet...I just want to see if they try to over-do-this-rally...~IYR~ is the important chart to me...if we do get an abc retrace that calls for a major swing trade...

...there's alot of profit to be had before I have make that decision...