Thursday, May 31, 2007

new signal? and buy gas avr bdx

may 31 2007
BUY GAS, utility....june 45 call at 1.60/1.80 ,, back the truck in...gas eps on fire, great little natural gas utility, + natural gas on the spot market is starting to fall.....90/10 at GAS at 200 day 46.3... if it even gets that low


BDX fairly steep 2 mo's 50 day.


BDX UP $6 DOWN $6 and new buy entry price becomes $75, and in conjunction with a fairly steep 2 mo’s 50 day...i can call this 75/25....downside, BDX decides to test the full $9 channel, in which case i’m $3 off, doubtful

On another note, this is how i became succesful at this in the first place. I noticed, today a possible new signal dealing with Price channel matches.
I saw BDX at 81 high and noticed that was $9 above the 200 day. i go back a little on the chart and i see BDX has a $9 price channel. I have been using price channel matches below the 200 day with a great deal of success, so i’ll have to pay attention to this new developement... so my new burning question is..... this is a signal to short sell?....
also BUY AVR 17.00 or june 15 call = 100 to 1 .... 30/50 signal....

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