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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (427)5/9/2008 4:32:01 PM
From: Tom Buttram  Respond to of 3209
 
Thanks a bunch for the explanation Bobcor.I thought I saw the triangle as an "ascending triangle"which I thought had bullish implications.My June50 puts "should" be itm soon then.I"m hoping COF gets to 50 by next week to get near the bottom of the triangle or maybe max pain will do it to kill the May 50 calls.



To: Perspective who wrote (427)5/9/2008 4:47:16 PM
From: AllansAlias  Read Replies (4) | Respond to of 3209
 
FDX is one of the group of charts we've been following here as keys to the broader market. Already this week, it made for a badly overlapping price structure that prohibited any easy impulsive up count.

FDX weekly:



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