Replies to post #48103 on Options Wonderland

[dalcindo]

Re: ERX

Hi, 3x!

ERX seems to perk up a bit at this morning's open, but remains predominantly bearish across weekly, daily and 15-min charts.

This morning rally may one of two things: either the start of a rally, or positions being covered.

In any case, if further decline was to occur, I would definitely set extreme support at MAR's low, near 17.00, IMHO.

DAA