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Re: AD post# 24596

Friday, 03/09/2007 11:23:52 AM

Friday, March 09, 2007 11:23:52 AM

Post# of 77456
DECK Deckers Outdoor is ready for a pullback here IMO...

Chart is doing a flat bump off RSI 70 (bearish)
The MACD reached a top is is now preparing for a downward crossover.
Slow Stochastics has reached a top has turned... next time we head below $69 today or tomorrow, further selling should push it well in to low-mid 60's... and possibly upper 50's if the market continues flat to down.

I am opening up heavy on the $70 put option for April... $3.60 is steal!

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