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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (124114)	9/16/2005 1:16:50 PM
From: Shack	Read Replies (1) of 209892

Been busy today. Bought some AXP calls on the gap up out of the wiggle wedge just to hedge and now I'm really glad I did. Meanwhile I unloaded the MRVL puts for a small gain and just bought some SLB calls based on what I think is the bullish wedge formed over the last couple of weeks, stop against this afternoon's low. I think its good to have a handful of both bullish and bearish set-ups in your pocket right now, but after the action over the last couple of days I think even an near-term bearish move for the markets is in serious doubt.

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