|
|
The latest from the
OptionsHunter session 08/17/2009 SPY - monthly says it can turn down because price is ahead of itself. Need to wait for daily and weekly to confirm. Hourly has been breaking down since the 16th. Major Market Indexes - strength that was in existence is starting to weaken and have all the makings that could make us money on put options. Homebuilders Index (XHB) - this was the strongest index, but it too is beginning to weaken. BIDU - Monthly is way ahead of the price, strong downside divergence, the weekly is starting to validate, so stick with it. |