Hi to All,
Today, my "System" gave me a "Change of Trend" signal! What
that means is that, according to my System, the recent downward
trend of the market has turned and the markets have started
an upward move. I don't have the foggiest idea as to how long
will this new new trend last, but I do believe that it will last
long enough for me to make a few bucks.
Therefore to take advantage of this new trend, I will, sometime
during the trading day, initiate a trade in any one of the
following DIA "CALL" options:
(The underlying DIA stock closed on Tuesday @ $80.85)
a) YCK AX-E (2004 January 76.00 Call) @ around $10 (Last trade $10.20)
b) YCK AB-E (2004 January 80.00 Call) @ around $8 (Last trade $7.70)
I will buy 2 contracts of either of the above named options and spend about $2000, give or take a couple of hundred dollars.
As soon as I make the purchase, I will post the trade here...
contax
