Elsewhere on the home page, I’ve presented a chart that allows for a further rally of 20% in QQQ. The Diamonds, however, could hit granite just 4% above, at 323.59. Since the temptation to nail the top of a bull market and to profit handsomely from it will always be irresistible, I am going to suggest staking out a small put position if and when DIA gets within a point or so of the target. You know the drill by now, and I should not have to mention that you should regard this bet as money flushed down the toilet. It will be a do-it-yourself project, so you’re on your own: no chat room reports, and no questions or comments on the trade until such time as you’ve doubled out on half of any put positions initiated at the top.
DIA – Dow Industrials ETF (Last:309.45)