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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Benkea who wrote (47887)4/24/2000 2:55:00 PM
From: AllansAlias  Respond to of 99985
 
On short timeframe intraday, if this latest decline is a right shoulder, and it could be read that way on both DOW and NAS, then this will get downright ugly -- hell, it already is by any margin.

I bought $140 puts on the bluest of blue, GE, and it feels great. My logic may be flawed, but it is simple: at some point the money will stop rotating and be pulled, then GE will fall to realistic price.

--Allan