AMC Entertainment

HOLD THE LINE

396
We must hold this line, and lock in a higher high.
IF we can... this is how i see the next 2 or 3 weeks playing out.

IF we make a lower low, i see this going to the 12 to 13 dollar range, just based of basic elliot wave theory...

To justify todays price action, if you look back i was calling for us to give back this weeks gains and retest this range, i was just expecting it to be tomorrow/ early next week.
They hit the acceleration button on us, and sped it up. and i got wrecked.

The market as a whole, looks like crap.

all the calls i will be buying from now on will be 2 or 3 months out.
Today i played weeklies for the first time in a long time and almost blew up my account. i seen potential down side, and held my convictions and got slapped up.

Will target the 18 strike, far out. with full intentions of selling next week.

Good luck.

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