HOOK-ster, I'll Bite, here's a "LINE" from previous postings and it's a REAL StINKER, LOL!
"It's ALL about the PM (Percent Movement) and we LIKE IT, da-PM dat is!
Let's look at the price action since 09Mar, shall we?
The average Spread is 0.93 or 3.0% of the average price of 29.27, hence, we're gonna get about a 2 to 3% move Every Freakin Day, how COOL is da!
Date , Open. High, Low, , Close, Change, Percent, Spread
9-Mar 26.05 26.81 25.63 25.74 (0.56) -2.1% 1.18
10-Mar 26.26 27.39 26.16 27.33 1.59 6.2% 1.23
11-Mar 27.63 27.99 27.13 27.75 0.42 1.5% 0.86
12-Mar 27.72 28.76 27.44 28.67 0.92 3.3% 1.32
13-Mar 28.68 28.84 28.32 28.74 0.07 0.2% 0.52
16-Mar 28.90 28.98 28.19 28.26 (0.48) -1.7% 0.79
17-Mar 28.41 29.33 28.30 29.33 1.07 3.8% 1.03
18-Mar 29.23 30.20 29.08 29.70 0.37 1.3% 1.12
19-Mar 30.12 30.13 29.46 29.68 (0.02) -0.1% 0.67
20-Mar 29.70 30.03 28.98 29.18 (0.50) -1.7% 1.05
23-Mar 29.86 30.94 29.66 30.90 1.72 5.9% 1.28
24-Mar 30.65 30.88 30.31 30.33 (0.57) -1.8% 0.57
25-Mar 30.58 31.05 29.66 30.47 0.14 0.5% 1.39
26-Mar 30.88 31.46 30.76 31.41 0.94 3.1% 0.70
27-Mar 31.07 31.18 30.71 30.82 (0.59) -1.9% 0.47
30-Mar 30.29 30.32 29.62 30.06 (0.76) -2.5% 0.70
Since we use PM for everything we do and we have a STATIC YTD OEPM guide listed below, well, we OWN dis-GAME (it IS a GAME and anyone who thinks Otherwise needs to take dare Marbles, well - Coins and go HOME), and we be able to DUP da-Boyz into submission with said knowledge!!
R8, 41.8, 40%
R7, 40.31, 35%
R6, 38.82, 30%
R5, 37.33, 25%
R4, 35.83, 20%
R3, 34.34, 15%
R2, 32.85, 10%
R1, 31.35, 5%
YTD Pivot, 29.86, 0.0%,
S1, 28.37, -5%
S2, 26.87, -10%
S3, 25.38, -15%
S4, 23.89, -20%
S5, 22.4, -25%
S6, 20.9, -30%
S7, 19.41, -35%
S8, 17.92, -40%
Can you imagine having a Freakin TOOL dat is STATIC and maintains it's prognosticating POWER for the ENTIRE Freakin YEAR, I know I can!
Before the Q's even OPEN for business we can extrapolate potential price action?
30.06 x 1.03 = 30.96 (this represents the probable MAX up for today)
30.06 x 0.97 = 29.16 (this is the probable MAX down for today)
NOW, what would you be doing if we get above 30.51, I'd be selling long plays, especially since further upside MANDATES selling longs? IN addition, the faster we approach a pivot marker, 30.51/30.96, the better the odds become to have it RIGHT?
We KNOW the moment the Q's Open for business today that we can immediately extrapolate the possible outcome and we LIKE IT!
If the Q's Open at 30.40 we can immediately say this?
30.96 is the MAX up so we have a possible .56 points of upside?
We can also say this, the LOW marker has just been moved UP from 29.16 to 29.48 (30.40 x .97 = 20.48), and this allows us to purchase puts that'll likely yield CASH and Profits, yes?
In summary, we can go ON and ON but ANYONE who's been taking notes, gathering data, collate-ing it into a use-a-ble discernable collection of meaning, has the ability to take it to the Nth degree and see for themselves what a disciplined, methodical, and calculated approach has to do wit it, LOL!
Good trading me-amigo!