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Strategies & Market Trends : Best Option Strategies and Option Insight -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (170)4/5/1998 10:25:00 PM
From: wiley murray  Read Replies (1) | Respond to of 245
 
Hi Lisa,

In looking at the WFC puts to calls Friday it was 221 puts vs 162 calls, and the TA Bollinger Bands are at the upper band (bearish), Stochastics at 79 (bearish),indicate overbought on a short term basis. It could go up a ways until it hits 337 resistance. The tone of the market will be the decisive factor. I am looking for a big pullback in the next two weeks which will take WFC down with it.Good luck.