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Strategies & Market Trends : Shorts waiting to happen
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To: Judy who wrote (397)8/4/1996 1:24:00 AM
From: Cadaver   of 852
 
Thanks for your reply, Judy.

What happens if you buy keep buying puts and the market keeps going up for the next one and a half months? Look at the comp chart after mid jan. to see what i mean.

comp is not out of the woods yet. The market still lacks momentum and will do so until it pierces the 50 dma. I'm still waiting for a possible reversal. If the comp hits the 50 dma when it's pointing downwards, the market can fall again. If the comp continues it's climb gently, it will result in the chart breaking thru the 50 dma when it's pointing upwards or horizontal. This can be interpreted as investors getting confidence in a gently climbing market. If it rises up fast (in 2-3 of days) it is certain to crash.

The bull reversal will likely last until comp hits 50 dma. Let's see if it pierces it.

Cadaver

For TA rookies: The 50 dma represents the direction the market is likely to take due to factors which repeat over 50 trading days, i.e quarter year (200 = 1 year) the market's reaction to quarterly reports etc are judged by this line.
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