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  • asitoughtobe asitoughtobe Jul 29, 2009 10:47 AM Flag

    07/29/2009 TA Points

    Jason,

    I am feeling crushed by the big move up, but I expected it, but still feel uneasy, somewhat.....

    The shares are overbought, the RSI and stochastics show point me to retracement .....

    And the shares always run up to the 23.6% FIB and retrace.

    We are right there!

    I never short shares with the theoretical opportunity for total loss, but I am loaded up on September PUTS that I believe will drift back toward the money and I can cash.

    On the other hand I an prepared to loose the premium should I be wrong!

    Trust me I am not always correct in my trades!

    Healthy Trading!

 
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