Gotta love ZERO RISK in the SP500 = $$$

I followed your advice. I bought when I thought I should be selling short, and it worked right away!

 

NoDoji, do you take overnight positions? I was just wondering if the trends on daily bars are different than 5 minute.

 

I take overnight positions with options and use real basic TA as applied to the daily chart. Because price tends to fall much faster in that timeframe (pullbacks usually erase in a few days or a couple weeks several weeks of gains), I take short positions only.

 

Interesting, thanks! I did notice that SKEW is at all time highs recently, so perhaps many people are doing the same with puts versus calls. Has this been the strategy for a while, or only while skew is high?

 

So easy, even a caveman....er....nevermind.

 

Market trying to decide if it's so easy that even a caveman can do it.

 

I have no idea what the skew is. I just watch for this particular repeating pattern that occurs around the upper channel.

 

Market trying to decide if today is "ZERO risk FREE Money BTFD !! $$$ choo choo $$$"

 

I bet ONE dollar.

 

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