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Strategies & Market Trends : Aardvark Adventures
DAVE 182.24-3.9%Nov 20 3:59 PM EST

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To: ~digs who wrote (953)6/14/2005 1:53:19 AM
From: ~digs  Read Replies (2) of 7944
 
it's a good time to keep an eye on the general..

stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!La12,26,9!Ll14]&pref=G

stock has a major yawn factor after failing to print a higher high back in may. there were a couple big volume days while i was away... but no price reaction. i call that distribution. where's the incentive to buy this thing? they hold 370 billion dollars of debt.. roughly 15% more than they held last year at this time.. Message 20255974

definitely not a recipe for bullish enthusiasm .. eventually the consolidation will come to an end .. daily ADX is rising just barely off a reading of 10. also has recent negative macd crossover

-idea-
sell to open - GE Sep05 calls w/ 37.5 strike - bidding .60
buy to open - GE Sep05 puts w/ 35 strike - asking .50

the more conservative approach here would be to wait for a red daily volume stick that exceeds 20million shares
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