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Duma

09/27/08 6:58 AM

#49449 RE: gloe #49447

Gloe - I had made some additional comments concerning the Ch Osc in post 49444. Below is the body of that post. Have a great time in Denver. Jon

POST 49444
Little Chico - As I said I was through trading this week, but there was never a good long signal today for my 30" trading anyway. ChOsc crossed zero at 9:30 on Wed and has been above zero since except for a very small dip below zero on Thur. Even if I had a good 3/8 cross and my C14 cross, which I didn't, my experience is that when ChOsc has NOT come from below zero (for a long), be very careful. However, this is not normal market conditions, so I am expecting that as soon as a bailout plan is set, the market will explode. But as I said I would, I bought Oct41 calls at the low this morning for 1.24. We will see.
Jon