Whether or not I bother to post it, I am always doing "what could go wrong" analysis with my current models. In the case of Intel, what I labeled before as A could in fact be 3 of A and then 4 of A and then 5 of A @$38.40. In this case "b" would be @$33.
In addition, the current wave set could turn out to be a 1-2-1-2-3-4-5-3-4-5 series given that this is a C wave. The final wave could go up as high as $40.40. This is not my primary count and we will likely know the truth about it on Monday. If it continues to climb like that I will be buying more puts on it because when it goes down I expect it to go down hard.
Friday, November 21, 2014
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