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Strategies & Market Trends : Option Trades

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To: scotty who wrote (233)1/2/1998 4:47:00 PM
From: Broken_Clock  Read Replies (1) of 2341
 
scotty,
do you use candles to trade? I noticed that PSFT has had continued downdraft on recent corrections. Today was failed attempt at yesterdays high. Lot's of indecision since it came off the bottom pretty well. I didn't see any last minute strength so i suspect monday will turn the tide.Today's candle formed a 'tweezers top'...generally considered a strong confirmation of trend change...My newly invested $ says I hope so!
Dave

ps: I looked at MDT and thought about getting on board but noticed that MDT has a strong rebound capability!Look at that rebound in mid-November. What was that all about? Hope you closed out at the end of the day to lock in profits.
207.95.154.130
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