Replies to post #60537 on Options Wonderland

[Fox13]

QQQQ: Another possible target could be even higher = 45.3 area.
This would be at the intersection of the regression channel midline and the bisector of the divergence angle.
Note that this bisector was a successful pivot on several occasions, already.
Too Euclidian… not my cup of tea…but who knows?... It might happen.

[s_trade101]

Thanks for the info Fox. It helped me look at things a bit different this am and kept me out of trouble! Ended up going against it and bought puts wich should work out quite nice! :)