WEEKEND BETS

WEEKEND BETS:  On Fridays, Wolfe Wave practioners may consider buying next week SPY puts on charts when there are “pressure points” indicating a lower opening on Monday.  (The reverse would be true on charts with up pressure points.) 

A Wolfe Wave practioner, one that took my course, could clearly see the possibility of enormous “pressure points” on this chart.  Pressure points are an indication that the price could be “forced down with a vengeance.”  (See lesson on pressure points, from advanced lessons.)

Friday’s close: SPY 186 put. Ask: 1.00.  Monday’s open:  Bid: 2.20.

Pathetic!
Have you read The Wall Street Journal lately?  Watched a recent financial news?  Hopefully you are on the outside looking in.  Jail is what I’m talking about.  It seems like every “star” of the past, cheated.  They traded on inside info.  They had to or else they would lose their job.   

Is the news media implying that in order to be successful on Wall Street one must cheat? My answer is YES!   Translate: “Us poor lowly slobs. We can’t win. The deck is stacked against us.” It sells papers! 

Not only is it coming from print/TV, but every day Washington gets into the act.  “Fines” are a growth industry in DC!   

Listen up people; there are lots of successful investors/traders out there who live very happy, successful lives.  They do not need to cheat.  They did it the old fashion way: They earned it!  [Note to SEC: my students do not need to cheat.]

SPY weekly options

SPY weekly options.  Anyone know why the big S&P market dried up?  SPY weekly options are the answer. This market offers all the action and more that the big S&P ever did and with limited risk.  These options are ideal for the short term Wolfe Wave Practitioner.

WSJ headline: "Stocks cap week with a rally"  Wolfe Wave students knew this in advance.  On the chart below, I annotated the points that were given to my students during this teaching period.

I taught them how to spot a bullish wave in advance. I taught them how to approximate the buy zone and the Target Line in advance.  I taught them that this is the sweet zone for a move to the Target Line.

Contemplate how much money you could have made for your firm if you are a "big hitter."

 

FREE Wolfe Wave manual.

On my site I now offer FREE, the Wolfe Wave manual, Seeing the Future by Bill Wolfe & Brian Wolfe.

Most viewers will naturally be attracted to the chart examples. They are incredible, even to me after  50-years of "seeing" the waves.  But what I really want to draw your attention to is the Tactical Notes.  These are drawn from every day experience.  Things that you may already know subconsciously, but need confirmation.  Think that You have written them as you read them. 

 

Read the manual. Contemplate it. Then decide that you want to further your education.  I would love to help you.  I very much enjoy teaching just as professional athletes do.  I want you to hit that "Home Run," in baseball, score that "winning goal" in soccer and you... fill in your goal in life.

 

Sincerely,

Bill Wolfe

GOLD! Will you be ready?

Gold, more than any other commodity/currency is subject to conspiracy theories.  "They are selling it down because..."   "They are accumulating it because..."  This makes sense to many, except for the timing part: When do you buy?  When do you sell?