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TechniTrend

01/25/08 9:10 AM

#394 RE: dr_praeses #393

DS, agree and "most rewarding" as well.

It is not often that I can see the true intentions of the Q's move but following its ups and downs has given its fruits. As the Bible warned:

Unstable as water, thou shalt not excel.

So focusing only in the Q pushed me to begin the OE period both with calls and puts at 46. In the down movement I removed the profitable part (puts) and voila, that profit has paid for the 46 calls !. Price moved in 3 days an unsual percent which demanded buying also calls at 44 which we closed yesterday.... yes I think we go up a bit more, but it is also important to take profits often to be prepared for the inevitable losses along the way, right ?

Now, if wer are right, let me stress IF, then we should not see 43.65 any time soon, and how prices behave around 45.35 will confirm or neagate those expectations...

Still, you may have notice that the price oscillations are wider now than used to be, so a visit to 46 is what I'd expect.
If we are wrong, we have those 46 calls for quick bear call spread, right?

4cast High:45.49 Low:44.64, so my personal challenge is how to position myself having not time to sit behind the screen all day...

good trades