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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (17311)4/25/1998 9:23:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
Haim,

Thanks and depending on how early I get up, I may check a few more posts, I will be outta here by 5 am to St Louis.

Here are my thoughts to Jim...

Look at this chart and ponder this a moment:

iqc.com

RSI bottoms diverged from the downtrend.
Momentum hit 5.71 when she peaked and the started selling off. Well Friday, she hit -5.71 which indicates a reversal.

DON'T WASTE YOUR MONEY YET!!!

(Not advice, just experience of a wiped out options trader who should have known all this stuff BEFORE I started trading options.)

Bill
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