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Politics : Idea Of The Day

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To: 2MAR$ who wrote (39966)	6/20/2001 12:11:49 PM
From: leeza_ze_viphre	Read Replies (2) of 50167

you can trade this range in your sleep for over 1 1/2 months...it's been locked into a great trading range, couldn't break $120...$112 on the downside. I have traded this channel many times and even have tried to rope a few people in from Tim Luke's chat room. You can see a nice representation of it at www.stockcharts.com under the P&F chart section. The Puetz window is upon us (see the Stock Attack II thread) so there may be a chance that it breaks to the downside this time. I don't currently have a position in IBM. I went short AMGN today simply because it is near the high of a trading range and I have traded that one back and forth quite bit. I am trying out a Puetz play with my puts...of course I might end up just being a putz on this one. I like to play the trading ranges until such time as they break the other way. If things go right, I have plenty of profit from the range to cover the possible break against me. Of course, things don't always go as planned - in trading, love, or life.

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