We’ve Seen This Before… Deja...
Posted by
Jeffrey Ziegler in
Uncategorized on
July 2, 2010 |
3 Comments
If you remember back in 2008 (2 years ago, almost to the DAY!), I made a Weekly Coaching Video that talked about a bearish formation that rarely happens.
In fact, it is so uncommon that it has only happened a total of 4 times in the last 10 years…. and the last time was a huge flashing warning sign about a likely downside move.
Shortly after I made that video, the market tanked in...
3 Responses to “We’ve Seen This Before… Deja Vu?”
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Went to cash back in April & have been trading SDS and FAZ since (buying calls and selling puts)with great success. Also trading bear call spreads in the SPY and bull puts in FAZ, again with great success. Plan on continuing with this stragedy until the trend changes.
I’m buying SPY puts.
Sounds like it’s time to remove one of the wings of the iron condors for awhile and just play the bear call spread. We’ll see how it plays out….