Invest and Trade Profitably with Jon Johnson

Love your table, but I cannot tell whether the plays are puts or calls in the cases of “Test BO”, “cup hdl”, “Test 18 or 50”, etc. Could you explain these further?

August 30, 2000

Puts are under specific headings, usually just ‘put.’ We do have other put designations that we use at times. These are ‘D Wedge’ for descending wedge; ‘Dbl Top’ for a double top; and ‘H&S’ for head and shoulders. Each of these are bearish patterns representing downside opportunities. We usually designate them as ‘put’ in the table for simplicity sake.

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