Replies to post #47617 on Short Term Trading Member Forum

[techcharter]

NEO - similar thoughts

I see a shakeout over the next two-three weeks that will dip below the lower November 2012 channel. Then there would be a 4-6 week zigzag rally into early April for a final top of the ending diagonal in the SPX since the 2009 lows.

The TRANsports look like they have completed their ending diagonal since 2002. Buy puts at the closest strike price that expire 3 months from now.