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Friday, June 27, 2008
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- Stages Of A Trader by Bo Yoder
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5 comments:
Stewie
i'm thinking an oversold bounce in financials and then we continue lower,much lower. you?
hi upside.
i am thinking a small bounce here could be in order. definitely to be shorted into. the intense selling isn't out of the way imo. If crude oil can retreat a tad over the weekend. that'd be good for the mrkt and help setup better shorts.
There's a nice rounded top on the S&P Weekly Chart. It could set up an inverted cup and handle before retesting 1270. If this pattern sets up, the target is 1125. Barring government intervention of course.
I have been trading off and on for 10 years did ok with TIE options a few years ago. some guys at work and me are going to buy puts and calls on GOOG $30 out of the money july 17.What say you.Steve Portland OR
hi steve. I am not an topions guy at all. i am expecting some strenth in the mrkt here soon. maybe wait til we bounce a bit and then buy those puts.
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