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.
Options Oracle: 10/11/2012
Posted on October 11, 2012 by AJ Monte in Options Oracles
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