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jenna

11/04/03 12:39 PM

#19104 RE: jenna #19102

CEPH 45 puts $1.05 to $1.15 picked up another 10 for $0.75 RALLIES are made to short, you may buy at support but if you are buying "at top of run ups" you'll repent at leisure.

If a stock is "running" where did the trader himself get on board and did the trader give enough time for others to join him/her assuming they did anything at all themselves? What is your next resistance target to exit the position if that fails? Where is the price target you are suggesting others to get on board? Are your stops tight and are you locking in profits are reasonable areas and raising trailing stops? or are you just shouting at highs, and quieting down once those highs are knocked back again towards support? Where are your intraday resistance areas and have you mentioned the areas of potential BREAKDOWN as intraday resistance fails again? Are you adequately prepared for the signs like spike highs intraday at resistance (areas of prior breakdown) that confirm a COT (change of trend) on the next bar down?


INTRADAY CHARTS closely following CEPH 2 straight days (shorting rallies although there was a gap fill that was buyable this morning)Looked for 47 area to reshort as SHORT THE RALLY was the strategy for CEPH. charts posted in ADVANCE of the move you don't need to scalp without a setup and trade only that set up ignoring anything else.




2 days of downside here intraday all resistance breaks to downside both yesterday and today. 45 puts should move into the money 2 of shorting rallies. 45 puts were $0.75 and $1.05

Mon Nov 3 14:12:39 2003:marketge [0/] Msg:http://www.marketgems.com/CEPHintraday.gif

Mon Nov 3 14:12:56 2003:marketge [0/] Msg:CEPH looks like a bear flag in a downtrend.