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Strategies & Market Trends : Classic TA Workplace

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To: lostfarmer who wrote (165429)	3/26/2008 9:27:50 PM
From: Henry J Costanzo	Read Replies (1) of 209892

MOS...LF...I assume that's a 60min chart???...I I'm looking at the daily chart, which, yes, moved above the 50dMA today....and a rising 50d...quite some distance above the steadily, sharply rising, 200d MA...and all in all, a very strong chart.. The most recent pattern looks very much like a possible bullish flag may have formed since the Feb high...IF so, and if it breaks above the upper line...the small DT line from the feb high....that would likely signal the onset of another strong advance,, I'm a little puzzled...If you're long puts...not naked sells...you should not be underwater with the stock closing at 102.95 today...except maybe for some erosion of time premium ???

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