10 replies to this topic

[NAV]

Firstly, there's no fishhook on the NYSE Mcsum.

Although your question is a bit tongue-in-cheek, i will still reply Well nobody needs to tell you that, it's commonsense that a 4-day consolidation range will not be taken out ahead of an important event like Fed meeting on some pathetically low volume day like today. Even if the resolution were to be bullish, they would park the prices right near creek.

There is no fish hook yet but there may be one well underway... I feel it !

BTW you are right about the range stuff... breakout is unlikely but all i need is a little tag, peek or poke to close my butterfly option spreads. Once I close, I spread more in all directions for tomorrow... gotta be a big move

Yep, time to straddle, strangle, spread those iron condors straight or diagonally and sleep with those butterflies in the stomach. LOL