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[QUOTE]Originally posted by Chart walker: [QB] Extreme top/bottoms. A look at the QQQQ's http://stockcharts.com/h-sc/ui?s=QQQQ&p=W&yr=1&mn=0&dy=0&id=p06046282734 On a weekly chart the "cubes" produced 2 BUY points, MACD/PPO indicator hit a low of -2 and was matched with Stochastic going below it's 20% line, Aroon went negative as well, so this was an "extreme" bottom. Just coming off of a extreme top it looks like too, Stochastic going below it's 80% line, MACD/PPO is high and crossing negative, momentum bars shrinking to the negative also. So, 2 times we would've bought into "the cubes" one CALL and one PUT. Looks like the cubes will be taking a dump, the false sense some "experts" are trying to push that the BULL market will keep going I don't buy... I think this explains the current market myself... http://www.investopedia.com/terms/j/januaryeffect.asp Also, something to keep in mind, Clinton used the FED, if interest rates don't raise, the market stays fine... -Remember that. Again, that is why I look for the extreme lows or highs, safer. I still like a straight CALL or PUT Option. Yes you can buy all different kinds of spreads, neutral or bullish/bearish but your profits are effected. For instance you could be Delta Neutral on a stock and win no matter what happens. In otherwords, buy a Call and a PUT, you win if it goes up or down, but one will lose some before you can sell. Again, when playing extremes you get around that. my 2 cents ~ [/QB][/QUOTE]
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