Followed my 15 minute rule and flipped my puts. DCT was a big winner, another $3k day. Good week for me despite missing out on the Friday pump and the Tuesday dump, lol.
RSI now touching oversold with positive MFI divergence. Note how it hit my overlay target even though the chart pattern was a bit different. I told everyone earlier this week not to go long until RSI went oversold. We're there now, but I flipped my puts and did not go long. Maybe this afternoon for a small play.
100% cash now on all accounts, closed my earnings play.
RSI now touching oversold with positive MFI divergence. Note how it hit my overlay target even though the chart pattern was a bit different. I told everyone earlier this week not to go long until RSI went oversold. We're there now, but I flipped my puts and did not go long. Maybe this afternoon for a small play.
100% cash now on all accounts, closed my earnings play.
Comment:
In case you're wondering why overlays work.... the market is entirely computer controlled. Computer programs will repeat patterns.
You guys know I play GM and PCAR a lot, PCAR going for the gap fill and GM bounced after it moved $2 for the day