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Re: Little Chico post# 49443

Friday, 09/26/2008 5:44:55 PM

Friday, September 26, 2008 5:44:55 PM

Post# of 79026
Little Chico - As I said I was through trading this week, but there was never a good long signal today for my 30" trading anyway. ChOsc crossed zero at 9:30 on Wed and has been above zero since except for a very small dip below zero on Thur. Even if I had a good 3/8 cross and my C14 cross, which I didn't, my experience is that when ChOsc has NOT come from below zero (for a long), be very careful. However, this is not normal market conditions, so I am expecting that as soon as a bailout plan is set, the market will explode. But as I said I would, I bought Oct41 calls at the low this morning for 1.24. We will see.
Jon

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