Replies to post #16054 on CHARTS_CCI_SYSTEM

[dindindon]

11/11/15 CVX

- i did 5 PUT Option trades yesterday, CVX 11/20/2015 93.00 P.
- Overall, the upward wave "b" looks weak.
- dip below 91.76 to gauge the downward wave "c" may start.
- so far, No action Today.
- Exit dividend date 11/16/15, $1.07
- 13 EMA @92.45, i guess the Div is holding the stock before the Exit date.

wave count for conceptual illustration, it morphs quickly than i can perceive.

old chart: http://www.chartupload.com/images/43155500380164629559.jpg