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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread
QQQ 614.27+0.9%Nov 26 4:00 PM EST

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To: MeDroogies who wrote (3167)6/12/2002 11:05:17 PM
From: TraderWithNoName  Read Replies (2) of 4058
 
BHE-My two cents.

Could be in for a rally from here. Hanging at the 200 day ema with oversold daily Stocs at the lower BB. MAX Buy signal on the 60 min chart. Why didn't I see this! If the general market rallies from here look for a test of the 49 day ma's around 29-at least. Further weakness can go back to the 23-24 area. Last couple of overbought Stocs have been good places to short. Let's see what the chart looks like when they get there again.

Of course,I could be wrong-in that case....Never Mind !

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