And another spectacular top call by Armstrong and his computer Socrates. Magnificent, really.
I bought calls last Wednesday (24.1k so I knew gap up to try 25k), sold Friday (Marty said the high would be Friday close or Tues open), bought puts @ close Friday. I bagged 100%+ on both trades.
Bike, this is one of those "goosebumps" calls. They say you can't time the market but Socrates and I (and I'm guessing you too) just did it twice!
Thekees - I can't remember the last time he gave actual trading advice, either, except maybe the raw SELL GS @ $159 post he made.
I wonder if Marty is becoming more clear, or if after all these years, I'm finally understanding him and piecing together what he says. Whatever the case, you guys in this board are tremendous help.
Yes, I was extremely leveraged and made off like a bandit today. But again, it isn't the smartest thing to do- it isn't 100% as Armstrong says, and the usual trading trueisms apply. But there are times to be a pig and this was one of them.
For right now, I think the easiest way to go is with longer term puts and ride out the downside, as downtrends in the equity market are often volatile with big rallies. It is still near a top so wouldn't be too bad to get in now, I think, if this strategy is pursued. I'd like to go long in February based on what Armstrong says- until then, I would only scalp longs if at all. I see 2595 as having some decent support for an intraday trade on the long side