Thursday, August 2, 2012

Adding BIDU Put

I'm not sure what month or strike yet...

The charts...
 This is the bear trap we expected in BIDU and at least part of the counter-trend move up.

 BIDU 1 min leading negative on early strength

 BIDU 2 min leading negative divergence

 BIDU 3 min leading negative

 BIDU 5 min leading negative divergence


BIDU 15 leading negative.

BIDU may in the future add to the counter trend move higher, but for now, probabilities are looking strong for a move down.

No comments: