Replies to post #108866 on *SCALPSWINGSTRADDLE* ($$$)

[langlui]

PCLN $80 calls from $0.85 to $2.79 HOD! Kaboom! Look at the volume on Feb $85 calls.. hmmmmmmmmm

[andrius]

good time to have $. markets right at double bottom levels from november, chances are we get a nice bounce in the coming days.

Clean break below these lows and we get a sickening drop to new lows but i doubt we are ready yet. dow seems to be in a down channel and its right at the bottom trendline which is huge support. Add this spot as double bottom from panic lows in november. Dow down nearly 20% in a month+. Many expected markets to rally with bailout and it dropped huge. With bailout behind, oil finally showing green and huge technical support on charts I'll call at least a short term bottom here for bounce to dow 8-8.2k.