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WTW

 
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n7kon



Joined: 09 Oct 2004
Posts: 52

PostPosted: Thu Dec 09, 2004 10:32 pm    Post subject: WTW Reply with quote

Looking at buying puts on WTW evening star at top sto's are above 80 just a small curl down, any thoughts on this.
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candlestick1
Site Admin


Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Fri Dec 10, 2004 12:09 pm    Post subject: WTW Reply with quote

After the big bullish candle last week, the Harami the next day indicated that the buyers were not in this very strong, sense that time it has tried to test a new high but backed off from there. If I solve further weakness I would be out of the position. If I witnessed a flat trading range from this level, I would suspect that is attempting another step up move at the end of the flat trading area. A safe way to play at would be to take profits here and put a buy stop at the $43.20 level. If it came back up to the high it could be anticipated that they were taken up to a higher level
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jkottiel



Joined: 11 Nov 2004
Posts: 30

PostPosted: Sat Dec 11, 2004 5:39 am    Post subject: Reply with quote

But n7kon's talking about buying puts. As of Fri close, isn't WTW looking like it's going down? Spinning top, and a few hanging men all in oversold area?
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