Saturday, February 6, 2010

BIDU



SET UP: Huge Ending Diagonal, has one more push left to the upside. Target is 480-ish.

ENTRY TARGET: 478-485

STRATEGY: Short at 478-485 using April put spread.

EXIT TARGET: 400 and gap fill at 386-387

CAUTION (Added on 2/7/10 at 23:25 hrs): A throw-over is possible in ending diagonals, in which case, BIDU might hit 500 before rolling over.



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