karennma
8,057 posts
msg #53416
- Ignore karennma |
7/24/2007 3:41:41 PM
well, it sure ain't gonna close @ 50.20, unless we have a miraculous reversal.
However, M4M was right on target for the first 1/2 of the session.
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ddiemails
4 posts
msg #53417
- Ignore ddiemails |
7/24/2007 3:44:14 PM
As I said before the market tanked. Mary4Money is not alway right.
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maxreturn
745 posts
msg #53429
- Ignore maxreturn |
7/24/2007 6:46:50 PM
The essence of the strategy Mary is describing is valid as long as the market keeps stair stepping higher. However, the implication that one can make outrageous returns 100% of the time is ridiculous. Firstly, many of the bounces that do occur after the conditions he describes are limited due to overhead resistance. Second, eventually the market naturally corrects after overextended upmoves which means you'd be buying a falling knife.
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dbyrt
70 posts
msg #53457
- Ignore dbyrt |
7/25/2007 11:24:51 AM
Yea, you could be picking up QQQQ calls cheaper today, as its still heading downwards towards 49.00.
M4M has done well on AMZN today though. Win some lose some as we all know.
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