candlestick, page-7

Moiramc,

To be more succinct on the option / share price relationship:
They need to be realtive to eachother, with roughly a 2cent price differnec between them (+or- 10%) IMO.

It seems to always be the case that the share is being valued off the highest option BID, not the lowest one...
for a little while that is.....and then the balance is restruck when the options trade to the buyers price and not the highest one (a total reversal).

This see-sawing is the markets way of valueing the share.
Its a valuation session, where relative values are being negotiated to-and-fro and that is why it is probably not safe to discount the bearish engulfing potential.
I am not ramping, chartists will agree, and i hold in any case.

Cheers,

L