Options Oracle: 10/11/2012

The general markets are showing signs of weakness which is why I’m suggesting a contingent buy order for the January 2014 30 Calls. We want to buy these only after we have gotten confirmation of a breakout over the resistance area. This resistance point is also the top of the Cup & Handle pattern and the buy signal is generated after the brim line has been broken. Keep an eye on the Market Guys video page and I will have a video for you next week that explains more about this very popular trading pattern.

Watch this week’s video »

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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