Friday, July 04, 2008 9:24:06 PM
FHN CHARTS:
Having a nice soggy 4th of July down here in South Florida so I decided to come in and look at some charts. LOL
I was working on some new scans and came up with something I am really going to watch and maybe even throw a few dollars into an option or two.
FHN is another finacial play that that is just getting killed this year. But is that teh whole thing the chart is saying? A lot of the indicators have been showing higher lows as the PPS continues to fall. Normally this type of positive divergence screams for us to keep a very close eye on.
I will be waiting for a break out of the PPS about the current resistance trendline and see where the indicators are at that time. I am showing the Feb 2009 options right now and beleive we may even see those price go lower or even allow usa to get in on some higher stike prices for the same price as the $10 stike is currently priced.
If the indicators are true on this play, we may expect this bottom play to bounce and bounce hard. Keep an eye on it folks along with other financial plays. there has to be a bottom out there somewhere and we all need to have dry powder when that bottom comes.
But be careful!
Boca_Bobby
CANDLESTICK CHART
RENKO CHART
Having a nice soggy 4th of July down here in South Florida so I decided to come in and look at some charts. LOL
I was working on some new scans and came up with something I am really going to watch and maybe even throw a few dollars into an option or two.
FHN is another finacial play that that is just getting killed this year. But is that teh whole thing the chart is saying? A lot of the indicators have been showing higher lows as the PPS continues to fall. Normally this type of positive divergence screams for us to keep a very close eye on.
I will be waiting for a break out of the PPS about the current resistance trendline and see where the indicators are at that time. I am showing the Feb 2009 options right now and beleive we may even see those price go lower or even allow usa to get in on some higher stike prices for the same price as the $10 stike is currently priced.
If the indicators are true on this play, we may expect this bottom play to bounce and bounce hard. Keep an eye on it folks along with other financial plays. there has to be a bottom out there somewhere and we all need to have dry powder when that bottom comes.
But be careful!
Boca_Bobby
CANDLESTICK CHART
RENKO CHART
Boca_Bobby
Mom said there would be days like this!
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