Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Have some RWM I sold calls on back in early December. Those calls should expire worthless tomorrow. Will hold that and look to sell calls on any substantial pop...
RWM is down to nearly 23 dollars and the market continues to grind higher. The RSI is really low and it looks like a bullish cross could be occurring on the MACD. Crazy things happen during OPEX week. If they really pop the markets higher tomorrow am, I might take a chance and add.
See my last Jan update 3rd chart - top in June, bottom late Aug-Sep. This corresponds closely to Curry's projections.
ReplyDeleteInlet,
ReplyDeleteAre you going to buy some of the inverse ETF's such as RWM?
I still have some RWM but might add.
Have some RWM I sold calls on back in early December. Those calls should expire worthless tomorrow. Will hold that and look to sell calls on any substantial pop...
ReplyDeleteGood for you Inlet.
ReplyDeleteRWM is down to nearly 23 dollars and the market continues to grind higher. The RSI is really low and it looks like a bullish cross could be occurring on the MACD. Crazy things happen during OPEX week. If they really pop the markets higher tomorrow am, I might take a chance and add.