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

To: NOW who wrote (5924)	2/10/2005 2:37:20 PM
From: cthruu	Read Replies (1) \| Respond to of 7682

Dunno, tooearly. Currently it is bouncing off of the 200 MA I posted in the morning. If it closes like this today I will run away from short 32.5 and probably 35 calls with my profit. Heck, I will contemplate flipping them to long side. A bounce to around 35.50-35.75 seems reasonable where it will meet the 50 ema. After that, I simply do not know. Play it by the ear. A safer long entry should be above today's high. I have placed stop at HOD today. YHOO has setup into slow, deliberate swings and a nice tradable pattern here.