Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: PuddleGlum who wrote (1248)	4/18/1998 9:01:00 PM
From: MonsieurGonzo	Read Replies (1) of 1589

PuddleGlum; RE:" EGRP " >EGRP: An internet stock with a p/e of only 43. Sounds like a gold mine ! Play the chart, man - don't fall in love with the damn things (^_^) What - you wanna get married or something? Buy deep in-the-money LEAPS on MSFT, GE, AN, PFE and DD and go play golf! scalp that bitch with a 20 - 25 Bull Spread ... webbindustries.com ...or just buy (way out) 20 or 25 strike CALLs and dump 'em when she jumps back near the option boundary or something. >Anybody ready to buy puts on Big 3 auto stocks ? Confirmation was Friday - maybe you can ride the momentum. I wouldn't be buying a PUT, though; just short the stock(s). More interesting is the butterfly hanging offa XOI.X - take a look at XAL.X and you'll see what it will probably look like come Monday. Everything's been pushed up to/near their options boundaries, and I would be surprised if we broke DJIA 9200 MON-WED. >TIMT: Weekly chart shows a hammer with confirmation, but I dumped my call on Friday based on tweezers top (thanks for the observation) and unhealthy OBV... I hope you can re-enter at a better position. Metals will probably tank next week, too - take a look at AA, AL, RLM aluminium. Good luck to you, man - earnings churnings continues. -Steve

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