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Strategies & Market Trends : Point and Figure Charting

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To: Challo Jeregy who wrote (5603)8/9/1998 5:00:00 PM
From: chartseer  Read Replies (2) of 34811
 
keep it simple. Think XYZ is going down buy the puts. If you are long XYZ and want to sell covered calls that is a different story. Buying puts limit your obligation. Selling naked calls could have unlimited consequences if say ZZZ corp decides it wants to purchase XYZ corp at 58. Keep it simple and limit your risk to the purchase price of the puts.

Now can someone tell me the odds/percentage risk reward ratio of the twenty box straight down with a three box reversal. Can I buy it now or do I still need NYSEBP to reverse?
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