Recent content by Pondman

Long expectations will fail for a few weeks. High probability that we see a double bottom before it goes higher.

I’d expect the market to spend the next 30 days minimum making many attempts to go lower. I’d expect more down days than up days. Eventually it will find support, but it’s going to take more than just one shot, before it moves higher.

There really isn’t any reason for anyone to always be All-In —all of the time. If you follow trends then you follow it until it doesn’t work. You might be late for the easy money PUT party and it’s time to wrap it up. Of the 35 largest correction since 1950, over 70% resembled a double bottom...

You are considerably more knowledgeable than I could ever claim. And more sophisticated. My strategy has been when Hull's moving average crosses from a sell to a buy, I purchase 5 ATM Call contracts. So on the 28th & the 2nd I bought 5 ATM for SPY, the last time I looked those purchases were...

I'm a smaller fish when comparing my account to yours. I've been trading options in DIA, SPY, and QQQ, since their inception, plus I'm holding 12 Mega Caps positions, I haven't touch a potion since January 2nd, I've traded option for 30+ years and also don't understand the 10,000 trades per month.