Wednesday, December 12, 2012

K.I.S.S.

 Update  Thursday:

Had a $3 profit at 3:30 and was trying to sell zoom zoom up ( that damn white house).
Made onl $1.2 per but love to win.



I looked for a rally today as I said yesterday.
I had hoped to get overbought but only one of my 3 indicators turned positive.
We have been up 5 days in a row and surely can be 6.
I seen no volume or any change in anything to confirem todays rally but the rally is not over.
I did buy a few Oex puts on a gut feeling based more on this chart.
We have hit this brick wall area 5 times. We have the same candle as circled.
My thought is we could pull back for 1   1/2 days at this time.
Don't marry options sell if a profit.
The Fed has nothing to offer but does the White House.
Today I had a cycle hit H to H I hope.

Jerry O

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