AI
Thursday, June 16, 2005 10:19:19 AM
Good Luck with NTMD DC and Ace
It does look as though any big jump up, say of 5 pts, could pullback to test support again near 20. Previous gap ups did retrace to close the gaps. That is except for the one last July. I would be cautious about when to short it unless it is an overnight gap up that starts to sell the gap. It looks as though the bigger the gap the bigger the pullback. Another move over 20 would have the potential to retest 25 or the 52w high though. Strangle definitely would have some potential in case there is a 'sell the news' response.
Still no time to really look at the markets at all but wishing you all good trades.
It does look as though any big jump up, say of 5 pts, could pullback to test support again near 20. Previous gap ups did retrace to close the gaps. That is except for the one last July. I would be cautious about when to short it unless it is an overnight gap up that starts to sell the gap. It looks as though the bigger the gap the bigger the pullback. Another move over 20 would have the potential to retest 25 or the 52w high though. Strangle definitely would have some potential in case there is a 'sell the news' response.
Still no time to really look at the markets at all but wishing you all good trades.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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