During this session, we looked at the stock market just minutes before it entered a very steep dive. With the Dow about to fall 400 points, it was still not too late to try to get short. Most of the lesson was devoted to this task, and although we were unable to force a trade, we looked at some set-ups that were imminently about to trigger. We also revisited the use of ABC patterns to establish precise bids and offers for put and call options. This tactic holds great promise to sharpen our percentages when we trade options. I would therefore strongly recommend that you review this portion of the recording closely.
