Stock Market Iron Condors September 6 2008
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Uploaded by optionslinebacker on Sep 6, 2008
This video shows my projections for the S&P500 and the Russell 2000 in the near term, plus discussion on our monthly Iron Condor options positions.
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we're going higher this week, ala Paulson's bazooka
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It very well could "go straight down there in a matter of days" as we all saw on thursday the big boys were selling and tanked the market 300 points. The SPY could easily lose 3-5 points if we see some selling, sir.
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I totally agree, the Market can and often does exactly whatever it wants to do. My point in this video is that price action like what we saw on Friday ("hammer" candlestick) often shows that there is underlying buying pressure and that the short-term selloff on Thursday and Friday morning was overdone, possibly leading to a short term dead cat bounce.
optionslinebacker 3 years ago