INDU

INDU would be a buying opportunity right now if the slow stochastic goes lower a little, but it may not go too much lower in a uptrend.

INDU

INDU would be a buying opportunity right now if the slow stochastic goes lower a little, but it may not go too much lower in a uptrend.

GOOG downgraded

goog-2005-02-24.gifGOOG was downgraded. It dropped 10 point intraday. It’s again sitting right at the upend trend line. I have opened a position on GOOG Apr 200 Call at 5.6. Apr 200 Call closed at 6.1. The white candle looks good after the hugh gap down this morning. What I read from it is that there’re a lot of buying at this level despite the big drop.