Sunday, June 29, 2014
[PCLN] update
Here is my previous post on Priceline. Below is the current count. It looks like a breakdown of the support line that has been in place since 2013 as followed by an obvious, vee shaped back test from below. I think wave 3 down has begun and that we should be seeing a nice gap in the chart most riki-tik.
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2 comments:
Haven't commented in awhile and just first have to say that you have been putting out some outstanding content Captain!
If one were to make a bet on the PCLN 8/16/14 puts, which is the best bang for your buck? I'm looking at the $900 puts in the $1.50 range. Thanks,
~J.T. Marlin
That's aggressive IMO. I think you have to spend up nearer the money to be safe. If you want to be that aggressive, at least wait until the current support line breaks down (a break below 1200).
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