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Cool! Nice to see other ppl out there are aware of this pattern. But tell me ,
what do mean by "LOng Butterflies are Cheaper " ?
thanks ,
Jack
Michael Suesserott wrote:
> Jack,
>
> I thought yesterday was too early, but today I tend to agree - the impending
> retracement is more obvious, and the long butterflies are cheaper, too.
>
> Might also give PMCS a try. Looks like it wants to go lower. We shall see.
>
> Good trading!
>
> Michael Suesserott
>
> -----Ursprungliche Nachricht-----
> Von: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]Im Auftrag von Jack Assante
> Gesendet: Tuesday, October 31, 2000 04:32
> An: metastock@xxxxxxxxxxxxx
> Betreff: Bearish Butterfly
>
> Bearish Butterfly anyone ? Check out MRK .. the potential reversal zone is @
> 86.50 to 89 and it appears to be in the process of a reversal.
> Jack
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