Wednesday, September 24, 2008

$BPFINA - getting ready for a huge move down?

This is a pretty weird pattern on an expanding wedge, but stochs are oversold and XLF still hasnt broken out. If it does break out, then we might get a pretty big rally.Regardless lots of conflicting indicators.

VIX is really high. Almost unsustainable at these levels

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Feb 27 - $shak primed for a big move

Still holding $RIG Mar2 and Mar16 calls which are up 100-200%.  $shak settling nicely and I have plenty of time with Jun 45 calls