Without being accused of arrogance I think I can say that this is exactly what I envisioned/expected from the Russell 2000 when I was aggressively buying the dips--accumulating CALLS March through August, as my followers know that I've been documenting my thoughts/analysis in my Journal Post on every turn.
I am expecting and envisioning much higher move from the Russell remainder of this year and two quarters of next year with the minor-term corrections along the way.
And that's why I am still holding all of my CALLS as of today--no 'trim-and-trail', only trusting my analysis and standing firm on my projected target.
Today, my RSI indicator just hit a historical new all-time high as iShares Russell 2000 (NYSE:IWM) prints 150 today; we are probably going to face some kind of short-term pullback or consolidation in the near term.
I don't think we will pullback all the way down to breakout level of 144-145, but if we do, I will be adding more CALLS.
*This post was originally posted on my blog.
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