An argument for symmetric triangle to the downside.....
2c
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This blog is for those with a passion for trading OEX options.
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- 2cents
- Interested in trading using statistical analyses.
2 comments:
hi 2, I just want to throw it out there, that what if the move from Oct 11 to Jan 23 is a whole big ABC corrective move, and we are still in the bull market, and We are going higher from here?
Just a cautionary note.
p
Hi P, now you are throwing the big curve. A lot of people will disagree if you still say it is a bull market. In any case, if you are only trading options for 5-10 days, you don't really care. The near term forecast is down and if it breaks the triangle to the down side, it will be a huge drop.
2c
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