Sunday, March 25, 2012

$CF chart and setup for 26mar new entry

pretty much looking for the same thing i was on previous trade. will be looking for a pullback to test the 50day again like it did thursday. will then use the low from 6mar as the support level to shoot against. likely be looking at the 160/165 credit put spreads first. Earnings last time i looked appear to be after Apr opex so that will not be a factor (but will mean i will not enter May spread until after earnings). If something happens to cause to drop right thru the 50 day will then probably  be looking for pullback all the way down to that 168ish low and reevaluate then. set alert at 182 to get it on radar

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