SPY - still on track!

After this mornings post about hitting the buy zone and calling the false breakdown, we bought calls and turned up and made a nice reversal today. Later I sold the calls and bought puts at the first sell zone, as that was a small bat pattern that completed. Now waiting for a possible gap crap open to get lower into the buy zone again. Maybe first thing in the morning? We'll see. (but that would be real nice). If that happens "right out of the gate" I'll quickly sell the puts and buy calls trying for the higher sell zone at the 275 area. If you didn't buy at the lows this morning, don't worry. I think you'll get another chance at lower price tomorrow if this scenario plays out. Then we'll turn up and this would complete a larger Bat and the Cypher pattern as shown on the chart. However once we get near those highs, this may be a fake out. I'm thinking that as we get closer to the targets, a lot of traders will think we have a Santa Rally going. This would surprise most, as we are only going to mark the wave 2 of 3 of C high. Then we'll start towards the REAL breakdown in wave 3 of 3 of C to major new lows into the 2350-2450 range! Better check our stockings this year... might be coal