My Options Play

iceman1,

Your DNA forecast was pretty accurate so far. It closed today at $94.88. Did you short it or still plan to do so?

Many index and stock charts seem currently to show pretty much the same picture: dailies and 10 minutes show some bearish divergences, while hourlies are in uptrend.

For those who trade hourly charts it might be a signal to enter short.

Price and indicator patterns are similar, but amplitude and time horizon change with your trading time frame.

 

There are some interesting TA articles in the November issue of SFO Magazine. You can find it online too:
http://www.sfomag.com

 

Thanks for the links...refreshing!

 

Greetings MultiOptionn !!

I've just reviewed your posts & it seemed your TA methods worked well on 1st 2 trades posted. Then I saw these (see below) & gulpped in amazement as to how you could get so bullish on a stock in a falling segment (oil patch). I guess I was on the other side of your 1st APA trade & continue to view ST on APA & oil-related as negative.
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11-08-05 12:11 PM

APA Nov 65 Call
Filled price: $3.00
# contracts: 40
Delta: 0.703

Expectation: A sharp rise to $69, then $70+
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New Post 11-10-05 10:16 AM

Adjustment!

I just sold 20 of APA Nov 60 Calls @3.97.

Will seek to adjust again by noon.
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New Post 11-10-05 10:27 AM

Sell to open 20 Nov APA 60 Calls @3.97
Sell to open 15 Nov APA 60 Calls @4.12

APA has shifted balance. Daily chart is suggesting a lower low.
---------------------
HOPE TO DISCUSS FURTHER WITH YOU VERY SOON --

Good Trading & Good Health -- cowpok

 

I was right on DELL. It seems that I am going to be right on HD too.

 

Thanks, I appreciate your comment!

 

well --- I was out and upon returning saw it hit a high of 98+ and then immiediately pb 2 points!

 

I really thought VLO would trade below yesterday low already but it hasn't which does indicate a "little" demand coming back in. By the close should have a better view for monday. Nevertheless, some money could have been made on the drop from 98.25 to 95.41. I just figured it would have already traded down lower. It could close high or low just have to wait and see.

 

Multioption, what is your stop loss on the long APA Nov 65 calls and short APA Nov 60 calls?

 

LOL

Your TA seems to get you in these trades at the worst time. But you do have a week left.

Wouldn't that be something if APA traded in the $65.00 range next week.