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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (2461)4/22/1998 12:13:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
Bejee,
Nothing is ever a no brainer....
This move broke IBM out of its trading band. The relative strength is real close to reversing back up and the daily momentum has been positive for a week.
This would be a guess play on your part. I don't see anything to specifically warrant a put. It will probably pull back from here but the main trend is positive.
Actually, I was being silly and looking at Yahoo for a put. There again nothing to support it except that it has run up so high.