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Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

SWEEP THE LEG

Option Addict Thu Feb 11, 2016 3:04pm EST 9 Comments

The term leg sweep is in reference to stocks taking out a low, only to reverse.

Legs = market lows.

2016-02-11_13-01-24

This also is in reference to the Karate Kid movie, in which an illegal method was used by the Cobra Kai’s to hurt Daniel Larusso and remove him from the tournament.

The two tie together as when the market will do whatever it has to do to win, short of cheating, but playing dirty.

“No Mercy.”

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9 comments

  1. Trent J
    Trent J
    February 11, 2016 at 3:08 pm

    Both of my legs have been broken, healed and broken again. That leg sweep is a bitch.

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  2. JewishMantis
    JewishMantis
    February 11, 2016 at 3:51 pm

    Wouldnt we have to make new lows ?

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  3. Noni Kavuri
    Noni Kavuri
    February 11, 2016 at 4:38 pm

    Bought $LABU at close for a trade. Bounced off 2/9 low of $4.75, today.

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  4. bagholder
    bagholder
    February 11, 2016 at 4:58 pm

    ES_F did a perfect double tap
    Oil VIX keeps climbing and Canadian VIX as well but not quite spikey yet

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  5. J Adabese (your pen pal)
    J Adabese (your pen pal)
    February 11, 2016 at 5:27 pm

    “You got a problem with that?”

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  6. greenlander1
    greenlander1
    February 11, 2016 at 7:42 pm

    Moderately long SPY/ XIV. If the rocket ship is operational will add more.

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