Posted 08 January 2019 - 09:30 AM
In your opinion, in no way shape or form the bear market gets killed with this rally? Is there a certain price level amount of time this rally lasts that would convince you of that?
I don't know. I'm just following along as it goes.
I suppose a new all-time high generally would reset the clock but even then that would be a shorting opportunity. If the NYMO/NYSI is positive be long, if not, be short or in cash.
And since I've developed an options trading criteria that lets me day-trade either long or short there isn't much else to do.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."