TB:" murk "
>Eric, on the MDA thread, has a post that may influence your decision to take a longer vacation...
...so what does Eric on the MDA thread have to say ?
>MRK has me totally confused. I keep expecting the move and it doesn't happen???
murk always manages to piss me off, Berney (^_^)
the magic lines on my chart are at 72, 70-5/8, 69-3/4, 68-3/8 and 66.
DRG.X is one of the very few sectors that looks like a bullish entry point to me; most everything else, you gotta have faith that the sector will reach its upside target extent (eg., OEX) or, will bust out of its apparent trading-range top (eg., PNX.X or MID.X)
At DRG.X = ~365, a perceived pivot with +/-15 index point potential in either direction - my chart says that either a Long Straddle @ DRG.X 365 or a 360-370 DRG.X Long Strangle will work -- especially with the VIX.X low... on the DRG.X the 200d 50d and 14d EMA lines have all converged, Dude; like MACD = zero !
it will explode ( I don't care which way ;-) so long as it moves strike +5
I just know that DRG.X MACD will diverge, and I want to Straddle or Strangle it so bad I can taste it... arrrghhh !
-Steve |
