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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?


To: youmast who wrote (2857)8/4/2004 10:03:20 PM
From: cthruu  Respond to of 7682
 
Here is your money, bro...

Neckline break here measures to around 20, which is approximately the March breakaway gap.

As you see from February, YHOO tends to make the measurements.

I have synthetic shorts in place from the gap - 27.50-32.50 and 30-32.50 bear call spreads with puts. I am inclined to roll down the short Aug 30 calls to 25 strike.

ttrader.com