RIO 1.80% $118.08 rio tinto limited

re: now at $35.41 hi datasponge. I went long on monday selling...

  1. 768 Posts.
    re: now at $35.41 hi datasponge.
    I went long on monday selling $35 puts.
    I am not going to hols long at all. I still have the weekly and monthly stochastics heading lower. The daily is almost near to the top.

    Its made a lower low and i have resistance at 33.50. I intend to go short as it approaches $36 and then increase exposure if it follows through with the prediction.

    nothing else to think about . . .
    except for terrorist actions, a toppy XJo and DOW and this engulfing black candle that we seem to have today right at the top of the range . . .

    kman
 
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