My Options Play

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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.
 
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.
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HOPE TO DISCUSS FURTHER WITH YOU VERY SOON --

Good Trading & Good Health -- cowpok
 
Quote from cowpok1027:

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.
--------------------
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+
---------------
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.
-----------------
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
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Thanks, I appreciate your comment!
 
Quote from pinabetal:

You could be right and it may bounce back to 100 but I do not seeing it do so by monday. I see more weakness than strenght at this moment.
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well --- I was out and upon returning saw it hit a high of 98+ and then immiediately pb 2 points!
 
Quote from iceman1:

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