Technical Analysts FTW Group Forum » McDonalds time to jump in?

McDonalds time to jump in?

Nophotosm Brokerage Account

Posted by fdbuff on June 20, 2009 (03:01PM)

Have been watching chart for MCD (McDonalds), If I see it right, the correction wave (A) has ended, and wave (b) is beginning. Would this be a good time to enter, or should I wait until wave (c) forms? Also, I could have misread the chart entirely, and this is just the corrective wave for a downtrend.
Element6_thumb Brokerage Account

Posted by element6 on June 21, 2009 (11:30AM)

I am not a techician and look forward to any reply.  However, I noticed over 10,000 $25 strike Sep 09 put option open interest.  I am not sure of the significance but it seems out of the ordinary.

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