Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 679.68

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Nov 26 4:00 PM EST

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To: the options strategist who wrote (4200)	6/13/1999 10:17:00 AM
From: Dr. Stoxx	Read Replies (2) of 39683

Well, you are 1 for 2, batting .500! No, VOD is not a BTTT short (yet). It is in a strong uptrend, subject to some (likely) short-term profit taking. A short here would be high risk. But it does look like the kind of "new format" BTTT short that I've been trading recently (with mixed success). But to confirm, one needs to see a double top, not a higher high, and one also uses ROC to see whether there is divergence (and there is not with VOD). Draw a trend channel line with VOD, and HOLLER when price gets anywhere near the lower channel... TC.

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