This article includes technical analysis of Garmin, Ltd (NASDAQ:GRMN) using gap analysis, chart pattern (wedge). Moreover, various option strategies are reviewed as possible methods of entering a position on Garmin, Ltd. These strategies include Long at-the-money call, long in-the-money call, synthetic stock buy and finally my favourite ratio spread.

Today’s market really did not have anything meaningful within it to focus on today. But what can be said about today’s rally is that it came on lower volume which is not what you like to see after a distribution day.

Does this describe you?

* You’d like to participate in any nice rally that comes our way over the next month;
* You’d like to avoid any and all downside risk in case the rally never comes and indexes stay flat or plunge;
* You’d like to get paid just for hanging around and waiting to see what happens.

Here’s a funky little way to do exactly those things.

As many of you know, the major indices are at a pivotal, well …pivot. The SPY, IWM and others are in a position to retest the swing lows set in January 08.

I won’t be the first to say it, but certainly won’t be the last… it may be time to get long.