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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (48137)	7/30/2002 2:34:44 PM
From: Perspective	Read Replies (1) of 209892

Setting up wiggle (4-12 hour) short entry now on a 50% retrace back to the highs. I see us in iv of 5 of c now, with v of 5 of c remaining. Having pushed well into the resistance I was looking for, I'll take that entry. Pretty fat entry. Low put-calls, low volume push, momentum diverging, extended first attempt at serious overhead resistance. It'll trigger in that v of 5 if I'm correct, and then I think we work on retracing to yesterday's open all around. BC

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