Options Oracle: Expiration Week Alert 09/18/13


In the nearby chart you will see a weekly candle chart of the Dow Jones Industrial Average ETF (Ticker: DIA). The price action is in the process of completing the final phase of a textbook head and shoulders pattern. The doji in the most recent candle represents the top of the right shoulder. This is a pattern that should not be ignored and it’s the main reason why we are closing out of most of our long positions.

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