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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (10224)	3/29/2009 8:17:02 PM
From: Perspective	Read Replies (2) \| Respond to of 41419

Now, the question is, do I (we) have the guts to fade it if (when) it tags that line this week... `BC

To: skinowski who wrote (10224)	4/2/2009 11:59:35 AM
From: Perspective	Read Replies (1) \| Respond to of 41419

That line is very close now. This is more like what I expected, if the line is indeed in force: We'd need another couple percent, or a few more days to get there. If this were to stick, the options players would make a fortune. They've been buying this ever since the November low, exactly what you'd expect in a lengthy corrective wave. I'll bet against them. I may lose, but I think I stand a better than even chance of coming out ahead before options expiration. `BC