Sunday, October 09, 2005

SCP Pool - POOL - 4 YR Weekly 10.08.05

Here's a four year daily of POOL... I used a 200 day Bollinger and low and behold this one has been south of the middle 200 day line and has only been at the bottom trading band once on the entire chart...The price seems to be sticking to the 200 day here and appears to want to go through and not pop higher as it has done previously, bouncing off that line for a nice gain... I'm holding some OCT 35 Puts... The risk reward looks excellent for more downside... The questions are will it happen soon enough?? Will the pullback in Energy help chemical companies?? Though I'm not sure if this pool chemical company is levered to energy considering it has gone up while energy prices have gone continuously HIGHER...

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