600-Point Dow Rally Just Ahead

Source: Rick Ackerman Published on Tuesday, November 22 2016
Related articles and keywords:   Chart - Target - Trading
Based on actual fills reported by subscribers, I am tracking eight Dec 9 192.50 calls with a cost basis of 0.34. Originally I’d suggested spreading them off against some short 194.50 calls, but I’ll now recommend simply offering half of them to close for 0.68, twice what we paid. If successful, we’ll hold half of the original position effectively for free. On the daily chart, DIA projects most immediately to 191.02, a ‘secondary’ Hidden Pivot, and I doubt it will have trouble getting there. Judg
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