XJO s&p/asx 200
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best put warrants to trade, page-6

  1. Calvo
    11,759 Posts.
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    11/06/09
    18:48
    Post #: 5268565
    Minotaur is correct it is trading at the upper trendline of a bearish or rising wedge.

    I have also shorted the index and have some more sells if it decides to spike up a little more; but at 4080... hasta la vista I am out of there.

    RSI is in a type bearish divergence and looks a tad over cooked. Worth a short position, but won't pay if you are a zealot bear and refuse to take a loss.
    XJO Value at posting: 155.00
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