I did buy in-the-money puts that expire in July, but the decline was so sharp I have already sold. I made 15% in a little over a week.
On the chart above I placed 9 bold red arrows for you to review. I would like to explain what they are:
Arrow 1: a trend-line that is down. Arrow 2: A falling . Arrow 3: The phase energy bar reversed, now red, now falling.
Arrow 4: the thick red conversion line did a down cross of the black baseline.
Arrow 5: the phase energy bars did a (down) zero lone cross-over (powerful sell signal).
Arrow 6: the jaws and lips of the closed, and then crossed. This indicates trend reversal. Worse yet, the price action traded into this congestion.
Arrow 7: a long "spinning top" candle. This is screaming of the "traders indecision". This is similar to a - but these wicks are extremely long.
Arrow 8: huge down draft in price (my July puts automatically executed during this down-draft). Arrow 9: the jaws of the are now feeding to the down-side.
Note: I do not have arrows pointing at these, but the top two indicators are both negative (red over green).
So, I asked eleven days ago, "where is the growth?" If you are considering stocks, pay attention to the arrows. Don't get caught napping.
Today is your special day....why? Because today I will close with two quotes!
“Money is not the most important thing in the world. Love is. Fortunately, I love money.” – Jackie Mason.
“Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work.” – Robert Orben.
I hope this has been helpful, entertaining, and informative. May all of your trades go well. Don.