Week of June 11th, Dow Jones, the Big Picture
Mid Week Update...
Since the market is going nowhere tonite as i write, i thot of just looking at Dow from "far far"...
i am shocked of what i saw actually ....well, .look at the monthly first, and then the Qtrly, and then the Yearly....hughhhhh........what do u see ? ..... hmmmm....
i feel like buying 5 years leap put on DIA right now....and retire from trading everafter.......:-)
looks like a huge double top forming...it aint looking good....
comments ??
posted by "Frank" at Wednesday, June 14, 2006
3 Comments:
If I see a double top on the daily, I'll short it now and expect it to go down twice the amount it has gone up, but on yearly, I dunno how it'll move...
Yee ju
since we are not going to look at the mkt swing all the time...i prefer 2 yrs leap put on DIA to ride the possible long down trend..
Frank,
I agree with you a Buy Put option will be a lower risk higher return option to trade this strategy.
Perhaps a Call back spread will work too on DIA on a monthly basis since we have a downturn outlook in the same time.
My humble comments.
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