Replies to post #45798 on Options Wonderland

[dalcindo]

Re: DRYS - BULLISH ... But in time:

LOL - I am completely 100% with you here ... but with one caveat: I am waiting for daily 14 RSI in DRYS chart to rally from the 40-line, which I expect to occur either Monday or Tuesday.

Tomorrow is OE day, so the cycle comes renewed next week with new blood and determination about this likely bouncer IMHO.

Technically speaking, the chart's decline appears incomplete - as per un-touched support trendline. So, I will continue to wait and see, and pounce once RSI gives me the confirmation signal. But, that's just me:

12-Mo., Daily Chart:


D.

[3xBuBu]

DRYS Jul 2009 6.0000 call (OOCGF)


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