Monday, November 12, 2007

Alert

OK I'm going to try a risky trade right now. Look at Goldman Sachs GS on the daily chart with slow stochastic. See how they are just turning up. Notice also how it rebounded from it's 100 and 200 dma areas. Also by my count this is options expiration week so I am looking to enter the gs Nov 200 call at about 5.2 per contract. I like the risk to reward as the options have very little time value in them. The problem right now is that the stochastic in the inter day 15 min chart are over 50% and going down. When they turn I will enter. I'm not looking for a home run just one contract if any.

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