I’m 80% in cash.

Needless to say, I’m 80% in cash. But I have noticed a trend when it comes to buying Call Positions. If you think the stock price has a little more to go down before the stock looks cheap enough to try and buy, BUY PUTS. 29 out of 30 on my paper trade calls have resulted in losses. All 30 trades had one thing in common. It looked like they might go a little lower. (The signals were clearly there).

I’m still holding my NDAQ calls. And plan to add more contracts, if the situation warrants it.
z-stock

Whatever stocks went down, These stocks are not coming back up. It’s going to be a tough slog back up to the Feb. Highs. Switch to smaller price channel, mentality.
I just can't imagine a relief rally coming, to take out Feb Highs, anytime soon.
If you see any double tops, over the next month or so, I think they will fail to break through.


IBM (example) , 86/89 is my entry price, for Calls. (short term) .
Longer term, IBM entry at 77/80. Look for $3 a week moves.
Click chart to enlarge.



If you see any double tops, over the next month or so, please let us know. Double tops will fail to break through.