|
PureBytes Links
Trading Reference Links
|
bobrabcd wrote:
> Those who questioned the rational for selling puts (to close) Thursday
> may
> find out why this morning. Intraday and end of day the volatility
> conditions favored selling puts and by the end of the day price,
> volatility, breadth were all voting for a rebound from an extreme
> oversold
> condition. On the AMOSS chart the 90 day component has rebounded each
> time
> it dropped into the neutral zone 4.
- - - - - - -BobR:
Whew! -- Bad call. And usually you are quite good at the next
day's prediction.
I hope those puts you sold didn't hurt too much.
We all miss, and beleive me I miss plenty of them. This time I was
happy because I held my Puts until today (Fri). No positions over the
weekend though; just too risky.
So, What's going to happen Monday. I think it will be a critical day.
The bottom could really drop out here.
Dick
|