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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (1071)	1/12/1998 12:43:00 PM
From: MonsieurGonzo	Read Replies (3) \| Respond to of 1589

Gerald; " OSX.X ShakeOut! " Short covering when it failed to fall farther, perhaps ? ...Maybe - I would have covered by buying into the weakness on Friday - my covering target was when the (overall market) OEX was at ~442. Today, I would have sold OSX.X 105 PUTs in reaction to gap-down opening that is co-incident with bottom of channel and next horizontal support - and done this when the OEX was (at ~89) below options boundary at 90. Shake-outs often end with a spike just below previous support... ...You be DA MAN, Gerald ! Hold On, cowboyz - she's gonna buck us on up from OSX ~89 to: ~94, ~99, ~107, tops, according to Signore Fibonacci. -Steve