Wednesday, February 08, 2006

Market's on the rise

It appears the market is in an oversold range and today we are getting a nice little upmove (except for ENG on my list which has slowly dropped from around $13 to now just under $11). The RSI -5 method triggered a long call buy signal yesterday. I bought the Feb. $40 calls for $0.90. My original stop was $0.80 but I've moved it up to $0.95 now. (QQQBN trading now at $1.05/$1.10).
Trader Tyler

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