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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (296)	9/22/1999 12:28:00 PM
From: sean sanders	Respond to of 967

Casaubon, I'll see if I have time tonite to write up some info about the 2b formation (it is a way to trade a dbl top or bottom basically). I'm no expect at options; but one reason I like buying options is the limited risk; thing about selling calls is that you have unlimited risk. Maybe you could make good money selling some calls and then when it drops buy them back and rinse and repeat. Sean btw I bought some DJX nov 100 puts; at least I have some time with them. Figure I have 2 months for them to move. To me the dow broke the channel; CNBC is touting a 10500 trendline, but I just dont see it, but I better keep an eye on it because some others may believe it too. I'm not looking to hold them for that long, I may sell on the next flag we have seeing how it would be a major correction if we hit the 10,000 level.