Entry Alert - U.S. Dollar Index Call

By: Patrice Johnson | Sun, May 4, 2008
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4/26/2008 10:03:32 PM

Hello Everyone.

Welcome to The J.E.D.I. Trader.

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INTERMEDIATE TREND OF THE U.S. DOLLAR MARKET: UP

STOCK/OPTION/FUTURE UNDER ANALYSIS: JUNE 2008 74.00 U.S. DOLLAR INDEX CALL OPTION

TICKER SYMBOL: DXM874.00C (Note: For some firms the ticker symbol may be different)

LAST CLOSING PRICE OF JUNE 2008 U.S. DOLLAR INDEX FUTURES: $73.030

EXPIRATION DATE OF FUTURES CONTRACT: JUNE 16, 2008

PRICE VALUE OF ONE FUTURES POINT: $1000.00

LAST CLOSING PRICE OF JUNE 2008 74.00 U.S. DOLLAR INDEX CALL OPTION: $.555 ($555.00)

EXPIRATION DATE OF OPTIONS CONTRACTS: JUNE 6, 2008

PRICE VALUE OF ONE OPTIONS POINT: $1000.00

This e-mail is to alert you that the intermediate term trend has changed for the June 2008 U.S. Dollar Index Futures. The intermediate term trend for the June 2008 U.S. Dollar Index Futures is UP! And to buy one DXM874.00C (June 2008 74.00 U.S. Dollar Index Call Option) as follows:

ACTION:

Buy to open one DXM874.00C (June 2008 74.00 U.S. Dollar Index Call Option) at limit price of .555, good for the day.

ESTIMATED COMMISSION:

$25.98

ESTIMATED FEES:

$4.22

ESTIMATED ORDER TOTAL

$570.10

BREAKEVEN

$.585

My fellow subscribers,

Please see the daily chart for JUNE 2008 U.S. DOLLAR INDEX below DATED FRIDAY, APRIL 25, 2008.

The end of the bear trend in the JUNE 2008 U.S. DOLLAR INDEX is in effect as signaled by the breaking of the 45 degree trend line (above) drawn from the February 2008 peak. The breaking of the 45 degree trendline confirmed that a new UP TREND is underway. (Note: This will be true as long as prices remain above the support line (above) at 72.00.

We cannot classify the JUNE 2008 U.S. DOLLAR INDEX to be extremely bullish until prices violate either the third trendline (above) but especially the long term trend line (above) at $75.50 on higher than normal volume.

Good Luck!

And remember, follow THE J.E.D.I. WAY, and the force will be with you.

Best Regards,

 


 

Patrice Johnson

Author: Patrice Johnson

Patrice V. Johnson
The J.E.D.I Way

Patrice V. Johnson

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