This weekend me and my daughter did some homework and a video on the stock market, low and behold we came across the newest Barron’s article titled “NOT SO FAST, MR. BEAR”. Typically, when a major publication ridicules one side (bull/bear) it means that it’s near a major turning point. I take this to mean…
TJ's Take » A Global and Urban Flaneur
Monthly Archives: October 2011The market gives signals…there are patterns… and there is advice. An individual has to listen to all three (3) anddetermine which one they go along with, there is no pointing fingers to managing your OWN Trade Book. For instance, last week the market gave bears two signals to cover NEAR TERM shorts at SPX (S&P)… The market wants to gap up this morning. While bears typically can short the common or buy puts, there are other tactics that bears can use when the mkt goes against them. My term that many on twitter have seen is ‘selling hope’. That is selling ATM (at the money) or OTM (out the money)… |
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