OEX
Started by
eminimee
, Sep 18 2007 10:07 AM
4 replies to this topic
#1
Posted 18 September 2007 - 10:07 AM
#2
Posted 18 September 2007 - 10:22 AM
Loaded OEX 685 puts (sept). Time is up on this move and I look to see tremendous selling into expiration.
RS
#3
Posted 18 September 2007 - 10:35 AM
yes...it could get a bit nasty from here.....although I think the low is in....a deep retest is very possible here.
Especially if my GS thoughts are correct.
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=7&dy=10&i=p43228038553&a=79663062&r=5075.png
Especially if my GS thoughts are correct.
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=7&dy=10&i=p43228038553&a=79663062&r=5075.png
#4
Posted 18 September 2007 - 11:43 AM
Tea,
Your GS chart/count was quite compelling I must add.
Best,
RS
#5
Posted 18 September 2007 - 11:49 AM
Tea,
When you draw those rise wedges, how do you choose where the top line is? I always have a hard time figuring that out where the base of the top channel is...
Btw, if that is indeed a rising wedge a break to the downside will indeed suggest a pretty deep sell-off. The volume certainly suggests that this could be a rising wedge.
“be right and sit tight”