August 18, 2008

Market Review and Commentary for August 18, 2008

DISCLAIMER: These are trades I am doing and may not be right for
you. Use your own Due Diligence when making financial decisions of
your own choosing. This is NOT a recommendation of any security.
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Today the DOW lost 180 pts and as I mentioned in the Weekend Review it certainly looks like we are heading lower based on the ‘rising wedge’ pattern that has been developing.

When contemplating Calendars or Condors a knowledge of market conditions is necessary to help understand the potential for a large move. Volatility increased today and that would have hurt most Theta positive trades so it pays to understand market conditions.

Being a directional player under the right circumstances can make you a lot of money fast. I’m going to discuss how professional traders think and act and take advantage of market moves over the next couple of weeks in the Daily Reviews. I hope you find the information a profitable addition to your trading business.

WATCH TODAY’S DAILY REVIEW

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