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Wednesday, July 8, 2015

Purchase SPY calls

Its a burning day in the neighborhood. And while everyone else is running out of the burning house, I am running in. I will be buying SPY options today while they are crushed low.

Looking at the chart above, you can still see the double reversed hammer signaling reverse, and most importantly, the market did not go below the long bottom tail of the day before.
The order is below:

I do not think we are going to have any lower activity than the bottom of yesterdays candle tail. We hold our other positions.

Tradinginsider

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