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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: kodiak_bull who wrote (2884)3/19/2005 2:19:19 PM
From: Ken Adams  Read Replies (1) of 13449
 
KB, I'll be watching for just that scenario. I'm not wed to this thing. I'm still expecting it to move higher, but as I said in an earlier post, if price violates yesterday's low, on a trailing basis, I'm out of calls. Wouldn't hesitate to go right into puts on the right signals.

On the plus side, volume is coming in on the plus side as evidenced by OBV making daily new highs last week on each upswing. Current levels are higher than they were at the recent 45.44 high, which bodes well for price.
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