Replies to post #501 on S&P short term cycle swings

[SyndicateTwo]

Well, here's what I'm looking at ---


ARO

http://www.freestockcharts.com?emailChartID=f604e955-716d-4b9f-94b7-bb2749048bf8

To change the symbol, just start typing it.


BTW - you guys REALLY should check out 'freestockcharts.com'. How cool is that? It basically is the same as paying Esignal $100 a month. It streams FREE real time on that chart and allows you to do basically everything what you pay other services for. All for FREE.


Anyway, the market is clearly starting to move back into the normal cyclical movements it does. So, I'd expect the normal seasonal moves to happen. That means these retail stocks probably will begin to fall big starting in late June-ish with the big moves in July/Aug. So, with ARO moving higher here, I'd start to move into the Oct $30 puts probably 1 at a time. Maybe 1 every other day to average into them. The reason I say that is because I think it could run to $40ish. But that would bring the options down dramatically. Right now, the 50% retrace is about $25. That will climb if the stock moves higher than $37.50.

Will advise

[poor_user]

ROFL!!!

Doesn't everyone go thru a time where they are wrong? The answer is yes. Doesn't everyone go thru a time where they are right? The answer is yes.

So why bother listening at all to McClellan, etc? Subscriptions to things like this are a waste of money. I can go thru a time where I am right and a time where I am wrong all by myself!!!

Just so you know I am always on the lookout for some genius or someone who can be right 80 or more percent of the time. Have not found one yet. And I am guessing I will never because as time rolls on I look less and less at people and what they are saying and more at the market first and the economy second.

This current Bear Market has taught me what matters most. And what I am loving the best is that everyone seems so confused right now. Well, those who look to formulas or patterns to light their way that is.

How can there be set things to watch when there are so many people who trade. It is a worldwide event so there is just to many people making to many decisions to say the market will follow a certain pattern.

To all the skeptics out there...just do yourself a big favor...watch the person or the service you wish is use to make money with and watch it fail. With out a doubt it will fail!!! You can not trust anyone so why bother with them or their service?