Monday, March 5, 2012

$CAT setup for entry

5mar- havent been in this one in a while..hard to get an entry after that good run its had last few months...been pulling back lately. will be looking for a further pullback and test of the 50day near 106... then will price out some credit put spreads shooting against the 200day near 96..staying at/below that level...150day MA is on the chart but not really a big believer in that one. the more a MA is followed the more relevent it is (50/200). set your alert and wait for it to come to you