AGGRESSIVE TRADERS PURCHASED CALLS THIS MORNING.
CONSERVATIVE TRADERS SHOULD WAIT UNTIL THE NECKLINE IS BROKEN AS THERE SHOULD BE A FULL 5 POINTS MORE RALLY LEFT IN THE INDEX ONCE IT BREAKS THE NECKLINE.
Monday, January 14, 2008
AIRLINE INDEX - SO FAR.... SO GOOD
THE AIRLINES INDEX MADE A 2% MOVE TODAY AND IF IT CAN BREAK A VERY NICE TEXTBOOK INVERTED HEAD AND SHOULDERS SHOULD MOVE MUCH HIGHER.
AGGRESSIVE TRADERS PURCHASED CALLS THIS MORNING.
CONSERVATIVE TRADERS SHOULD WAIT UNTIL THE NECKLINE IS BROKEN AS THERE SHOULD BE A FULL 5 POINTS MORE RALLY LEFT IN THE INDEX ONCE IT BREAKS THE NECKLINE.
AGGRESSIVE TRADERS PURCHASED CALLS THIS MORNING.
CONSERVATIVE TRADERS SHOULD WAIT UNTIL THE NECKLINE IS BROKEN AS THERE SHOULD BE A FULL 5 POINTS MORE RALLY LEFT IN THE INDEX ONCE IT BREAKS THE NECKLINE.
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