What a great time to buy

OK, now that's stupid. It goes in direct opposition to the buy low sell high philosophy.

 

He read the Darvas book.

 

? GS just broke $150. as a swing trader I would rather see downward momentum fade and upward momentum increase before I would grab a falling knife. check your daily charts of obvious channel break, topping patterns, MA breaks, etc. I would wait and see - just my opinion.

 

Stupid to some, a gold mine to others

 

Too high or too low is only a psychological deficiency in your trading due to perception.

No Heat

 

I did risk recersal on GS. I sold PUT 150 and bought 165 Call with $5 credit so I am fine till $145. If you just wait enough, you might get a better entry or lose the opportunity. Almost 100% of the time I trade options on the stocks that I mentioned. I believe Risk reversal is the most rewarding strategy now.

 

I do not know how you arrive at, but it seems to me you are wrong.

 

I did not say "day trading" . I said "swing trading". Give me a week. If I am wrong, I will admit that.

 

I am hoping for that from an investing standpoint. I missed the boat last year. I have 20 years before retirement. When this V becomes a W I will load up on IRA high risk. Everything is cyclical

 

Dude you look at the volumes? Market took back 4 months gain in 1.5 weeks on tons of volume. You may get bounce, but new highs?

You're obviously tech sector watcher. You do realize QCOM is second highest weighting in QQQQ's and it is below all the swings. So that is already diverging from qqqq's indicating more downside. To be exact about 20% worth to $33 from $39.

Bull and Bear fight is on...