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[QUOTE]Originally posted by Chart walker: [QB] [QUOTE]Originally posted by SherriT: [qb] If you bought today, which PUT would you invest in? [/qb][/QUOTE]After a big drop it may bounce back up driving some PUT prices down and giving you a discount. I guess I would pull up my charts and indicators to see what the market is doing (I'm not booted up right now). A look at the free charts.... http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&b=5&g=0&id=p11533517620 I would expect Stochastic to fall below the 20 mark, I think to play it safe on "this side" of the correction in price you may want to wait until the bounce up is done... In otherwords, wait till Stochastic resets itself and and crosses positive and wait till it crosses negative again, you are hoping for the price to bounce up making your PUT cheaper to buy. The main trend is still down as noted in the gallery view page at Stockcharts . com Note the last indicator... Stochastic RSI BUY Puts when this in at the TOP of it's indicator, and CALLS when it's at the bottom of the indicator. As you can see it is at it's bottom, so right now a PUT would not be bought... Long term you could buy a PUT now, but you want to squeak out every cent and make it as profitable as you can. That is way I was buying PUTS when this indicator was "hot" (high). What we did and why.... The Weekly chart (weeks ago) told me the market was due for a correction, the daily told me it was "hot" so I bought the first PUT. The market did a "head fake" and went higher on weak volume and gave us a "gift" we bought another PUT 3 days ago, again, when this indicator was "hot." It has now fallen, but obeys the indicators. So read the indicators like a book, especially the RSI Stochastic and you should time it right on. Because we are now "in" the correction, I would buy more towards the money then out of the money.... -my 2 cents. Hope this helps SherriT! :) [/QB][/QUOTE]
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