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S&P 500
5,431.60
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US TECH 100
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0.52%
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Dow Jones
38,589.16
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rnmenterprises

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rnmenterprises

Re: None

Thursday, 06/07/2012 6:44:39 PM

Thursday, June 07, 2012 6:44:39 PM

Post# of 364286
UPB, you mentioned you'd be watching LVS tomorrow, but I don't think I caught why.
As I'm learning, I'd like to open myself up for criticism of chart interpretation on this one.

http://stockcharts.com/h-sc/ui?s=lvs

It looks to me as though today the price bounced off resistance at the 200 MA and sold off pretty hard. This would mean tomorrow a continuation of bearish sentiment so weekly puts for the following week, strike $45 or $44 potentially?

If this isn't in line with your thoughts (or anyone else feels like chiming in), please set me straight! :)
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