hungry_hippo

McDiamond Top

hungry_hippo 已更新   
NYSE:MCD   McDonald's Corporation
McBubble appears to be forming an expanding triangle into a possible McDiamond top again. Obviously waaaay overdue for a drop, been melting up in a narrow channel, but the wave count seems to suggest that it's going to be a wave 4, not a huge tank.

No position, not gonna play it. Last time I bought puts I made money but the return wasn't all that great. Just as easy to short the Dow with DIA puts. The Dow has basically flatlined here at the top anyways.
评论:
Thanks to DaddySawbucks for pointing out the divergence. I'll drink some Laphroaig for ya.
评论:
Laphroaig sucks. Must've been pretty drunk the first time I tried it. The worst part you taste it all day the next day.

Now I remember why I don't drink Scotch. Bourbon is just smoother, and doesn't stay with you the next day.
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Bouncing right where I drew the diamond. Flight to safety, lol.

This is why I said shorting DIA would net you better returns if you're bearish. MacBubble is not worth shorting, there are better opportunities elsewhere.

People gotta eat even in a recession, and typically they'll choose cheaper food like McD. If you got cash lying around, this may not be a bad place to park it for a few days until the market gets done tanking.
评论:
Looks exactly the same as the last diamond top so far....
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