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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (82338)9/22/2003 11:59:18 AM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
$42? You can make $75g's by the time that price hits. A $7 trade is an excellent trade if you are playing options. I agree with Shack, it is a very good looking short. But it is just doing an ABC which means longer term it will most likely continue up.



To: Jerry Olson who wrote (82338)9/22/2003 11:59:24 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
Jerry, $42 is roughly where I am playing it to. I am not sure its broken in the larger time frames but elliott suggests that we will get a brother dump to the one from July that should be at least equal in length and my bet is it began Friday. Like I said, my target is the low 40's.


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